PCM Fund Inc. (NYSE:PCM – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 19,000 shares, an increase of 363.4% from the May 15th total of 4,100 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 50,700 shares, the short-interest ratio is presently 0.4 days.
PCM Fund Trading Down 1.6%
PCM Fund stock opened at $6.26 on Friday. The business’s 50-day simple moving average is $6.22 and its 200 day simple moving average is $6.71. PCM Fund has a 12-month low of $5.88 and a 12-month high of $8.39.
PCM Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be paid a $0.0642 dividend. This represents a $0.77 annualized dividend and a yield of 12.31%. The ex-dividend date of this dividend is Thursday, June 12th.
Hedge Funds Weigh In On PCM Fund
PCM Fund Company Profile
PCM Fund Inc 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 seeks to invest in fixed income markets. The fund invests primarily in commercial mortgage-backed securities.
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