PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Update

by · The Cerbat Gem

PIMCO Dynamic Income Fund (NYSE:PDI – Get Free Report) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,290,000 shares, an increase of 21.7% from the February 13th total of 1,060,000 shares. Based on an average daily volume of 2,192,700 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its holdings in shares of PIMCO Dynamic Income Fund by 11.1% in the 4th quarter. LPL Financial LLC now owns 2,900,847 shares of the company’s stock worth $53,202,000 after buying an additional 289,535 shares during the last quarter. Bank of America Corp DE increased its stake in shares of PIMCO Dynamic Income Fund by 8.4% during the 4th quarter. Bank of America Corp DE now owns 2,835,670 shares of the company’s stock worth $52,006,000 after purchasing an additional 220,794 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of PIMCO Dynamic Income Fund by 23.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,796,829 shares of the company’s stock worth $32,967,000 after purchasing an additional 338,089 shares during the period. Cohen & Steers Inc. grew its holdings in PIMCO Dynamic Income Fund by 1.4% during the fourth quarter. Cohen & Steers Inc. now owns 1,313,573 shares of the company’s stock valued at $24,091,000 after purchasing an additional 17,739 shares during the period. Finally, PFG Investments LLC increased its position in PIMCO Dynamic Income Fund by 8.0% in the fourth quarter. PFG Investments LLC now owns 1,136,107 shares of the company’s stock worth $20,836,000 after buying an additional 84,147 shares during the last quarter.

PIMCO Dynamic Income Fund Stock Up 0.6 %

Shares of PDI traded up $0.13 during trading hours on Wednesday, reaching $19.74. 1,007,698 shares of the stock traded hands, compared to its average volume of 1,800,682. PIMCO Dynamic Income Fund has a 52 week low of $18.17 and a 52 week high of $20.90. The stock has a fifty day simple moving average of $19.45 and a 200 day simple moving average of $19.42.

PIMCO Dynamic Income Fund Announces Dividend

The firm 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. This represents a $2.65 dividend on an annualized basis and a dividend yield of 13.41%. The ex-dividend date of this dividend is Thursday, March 13th.

PIMCO Dynamic Income Fund Company Profile

(Get Free Report)

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.

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