PIMCO Dynamic Income Fund (NYSE:PDI) Sees Significant Growth in Short Interest

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 1,290,000 shares, a growth of 21.7% from the February 13th total of 1,060,000 shares. Based on an average daily trading volume, of 2,192,700 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Buska Wealth Management LLC boosted its holdings in shares of PIMCO Dynamic Income Fund by 59.8% in the 4th quarter. Buska Wealth Management LLC now owns 16,804 shares of the company’s stock valued at $308,000 after buying an additional 6,290 shares during the last quarter. GHE LLC acquired a new stake in PIMCO Dynamic Income Fund in the fourth quarter valued at $193,000. LifeWealth Investments LLC bought a new position in shares of PIMCO Dynamic Income Fund in the 4th quarter valued at about $3,048,000. Ameriflex Group Inc. acquired a new position in shares of PIMCO Dynamic Income Fund during the 4th quarter worth about $526,000. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of PIMCO Dynamic Income Fund in the 4th quarter valued at about $187,000.

PIMCO Dynamic Income Fund Trading Up 0.2 %

Shares of PIMCO Dynamic Income Fund stock traded up $0.05 during trading hours on Tuesday, reaching $19.62. 2,407,189 shares of the company’s stock were exchanged, compared to its average volume of 1,803,542. The company has a 50 day moving average of $19.44 and a two-hundred day moving average of $19.42. PIMCO Dynamic Income Fund has a fifty-two week low of $18.17 and a fifty-two week high of $20.90.

PIMCO Dynamic Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.2205 per share. The ex-dividend date is Thursday, March 13th. This represents a $2.65 annualized dividend and a yield of 13.49%.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.