PIMCO Corporate & Income Strategy Fund (NYSE:PCN) Short Interest Down 17.4% in November

PIMCO Corporate & Income Strategy Fund (NYSE:PCN) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 229,000 shares, a decrease of 17.4% from the November 15th total of 277,400 shares. Based on an average trading volume of 192,200 shares, the days-to-cover ratio is presently 1.2 days.

PIMCO Corporate & Income Strategy Fund Stock Performance

Shares of PCN stock opened at $13.88 on Monday. PIMCO Corporate & Income Strategy Fund has a 52 week low of $12.07 and a 52 week high of $14.36. The business has a 50 day moving average of $13.94 and a two-hundred day moving average of $13.65.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be given a $0.1125 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.35 annualized dividend and a yield of 9.73%.

Hedge Funds Weigh In On PIMCO Corporate & Income Strategy Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC raised its stake in shares of PIMCO Corporate & Income Strategy Fund by 1,356.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,205,673 shares of the investment management company’s stock worth $17,108,000 after purchasing an additional 1,122,875 shares in the last quarter. Insigneo Advisory Services LLC acquired a new stake in shares of PIMCO Corporate & Income Strategy Fund in the second quarter worth $3,265,000. GHE LLC lifted its stake in shares of PIMCO Corporate & Income Strategy Fund by 48.4% in the third quarter. GHE LLC now owns 456,055 shares of the investment management company’s stock valued at $6,471,000 after buying an additional 148,651 shares during the period. Consolidated Portfolio Review Corp acquired a new position in shares of PIMCO Corporate & Income Strategy Fund in the second quarter valued at $1,713,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in PIMCO Corporate & Income Strategy Fund by 32.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 393,996 shares of the investment management company’s stock worth $5,205,000 after purchasing an additional 95,482 shares in the last quarter.

About PIMCO Corporate & Income Strategy Fund

PIMCO Corporate & Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors.