Short Interest in Pcm Fund (NYSE:PCM) Declines By 49.5%

Pcm Fund (NYSE:PCM) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 12,958 shares, a decrease of 49.5% from the December 15th total of 25,654 shares. Based on an average trading volume of 75,313 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 75,313 shares, the days-to-cover ratio is currently 0.2 days.

Pcm Fund Price Performance

Shares of PCM traded up $0.02 during mid-day trading on Thursday, reaching $6.14. 44,658 shares of the company were exchanged, compared to its average volume of 64,426. The business has a 50 day simple moving average of $6.15 and a two-hundred day simple moving average of $6.33. Pcm Fund has a 52 week low of $5.88 and a 52 week high of $6.84.

Pcm Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be given a $0.0642 dividend. The ex-dividend date is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%.

Hedge Funds Weigh In On Pcm Fund

A hedge fund recently raised its stake in Pcm Fund stock. Sovran Advisors LLC grew its holdings in shares of Pcm Fund (NYSE:PCM) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,609 shares of the investment management company’s stock after buying an additional 3,354 shares during the quarter. Sovran Advisors LLC owned 0.73% of Pcm Fund worth $553,000 at the end of the most recent reporting period. 10.26% of the stock is owned by institutional investors.

Pcm Fund Company Profile

PCM Fund, Inc (NYSE: PCM) is a diversified, closed-end management investment company incorporated in the United States. Since its inception in 1989, the Fund has sought to deliver a high level of current income and pursue capital preservation. Shares of PCM Fund trade on the New York Stock Exchange, offering investors access to a professionally managed portfolio of fixed income securities through a single, publicly traded vehicle.

The Fund’s investment strategy focuses on mortgage-related securities, with a core allocation to agency mortgage-backed securities (MBS) issued or guaranteed by U.S.