PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Down 52.0% in May
by Danessa Lincoln · The Markets DailyPIMCO Dynamic Income Fund (NYSE:PDI – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 187,210 shares, a drop of 52.0% from the May 14th total of 389,884 shares. Based on an average trading volume of 2,581,182 shares, the short-interest ratio is presently 0.1 days.
PIMCO Dynamic Income Fund Price Performance
Shares of NYSE:PDI traded down $0.10 during trading on Friday, hitting $16.34. 3,232,833 shares of the stock were exchanged, compared to its average volume of 2,849,107. PIMCO Dynamic Income Fund has a 1-year low of $16.25 and a 1-year high of $20.17. The company’s fifty day simple moving average is $17.09 and its 200-day simple moving average is $17.66.
PIMCO Dynamic Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be given a $0.2205 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a yield of 16.2%.
Institutional Investors Weigh In On PIMCO Dynamic Income Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Heritage Wealth Advisors acquired a new stake in shares of PIMCO Dynamic Income Fund during the fourth quarter worth $35,000. Sankala Group LLC acquired a new stake in shares of PIMCO Dynamic Income Fund during the fourth quarter worth $55,000. First Horizon Corp acquired a new stake in shares of PIMCO Dynamic Income Fund during the first quarter worth $57,000. WFA of San Diego LLC acquired a new stake in shares of PIMCO Dynamic Income Fund during the second quarter worth $64,000. Finally, SHP Wealth Management acquired a new stake in shares of PIMCO Dynamic Income Fund during the fourth quarter worth $64,000.
About PIMCO Dynamic Income Fund
PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.
The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.