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 significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 229,000 shares, a drop of 17.4% from the November 15th total of 277,400 shares. Based on an average daily trading volume, of 192,200 shares, the days-to-cover ratio is presently 1.2 days.

PIMCO Corporate & Income Strategy Fund Stock Up 0.1 %

Shares of NYSE:PCN opened at $13.88 on Friday. PIMCO Corporate & Income Strategy Fund has a 12-month low of $12.07 and a 12-month high of $14.36. The stock’s 50-day moving average price is $13.94 and its 200-day moving average price is $13.64.

PIMCO Corporate & Income Strategy Fund Dividend Announcement

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

Institutional Trading of PIMCO Corporate & Income Strategy Fund

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in shares of PIMCO Corporate & Income Strategy Fund in the second quarter worth about $295,000. LongView Wealth Management grew its stake in shares of PIMCO Corporate & Income Strategy Fund by 9.8% in the third quarter. LongView Wealth Management now owns 47,797 shares of the investment management company’s stock worth $678,000 after purchasing an additional 4,263 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of PIMCO Corporate & Income Strategy Fund by 2.0% in the second quarter. Cetera Investment Advisers now owns 279,474 shares of the investment management company’s stock worth $3,692,000 after purchasing an additional 5,487 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 during the last quarter. Finally, Insigneo Advisory Services LLC bought a new stake in shares of PIMCO Corporate & Income Strategy Fund in the second quarter worth about $3,265,000.

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.