PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Down 58.9% in August
by Michael Walen · The Markets DailyPIMCO Global StocksPLUS & Income Fund (NYSE:PGP – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 18,750 shares, a decrease of 58.9% from the August 15th total of 45,653 shares. Based on an average daily trading volume, of 45,690 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund
Institutional investors have recently bought and sold shares of the company. Rivernorth Capital Management LLC increased its position in shares of PIMCO Global StocksPLUS & Income Fund by 1.0% in the second quarter. Rivernorth Capital Management LLC now owns 349,408 shares of the company’s stock valued at $3,012,000 after acquiring an additional 3,457 shares during the period. Argyle Capital Partners LLC bought a new stake in shares of PIMCO Global StocksPLUS & Income Fund in the second quarter worth about $121,000. CoreCap Advisors LLC increased its holdings in PIMCO Global StocksPLUS & Income Fund by 44.6% during the 2nd quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock valued at $92,000 after purchasing an additional 3,300 shares during the period. Cetera Investment Advisers increased its holdings in PIMCO Global StocksPLUS & Income Fund by 4.6% during the 1st quarter. Cetera Investment Advisers now owns 31,282 shares of the company’s stock valued at $261,000 after purchasing an additional 1,387 shares during the period. Finally, Fifth Third Bancorp bought a new position in PIMCO Global StocksPLUS & Income Fund during the 1st quarter valued at approximately $128,000.
PIMCO Global StocksPLUS & Income Fund Stock Performance
PGP stock traded down $0.04 during mid-day trading on Tuesday, hitting $8.37. The company had a trading volume of 47,457 shares, compared to its average volume of 48,844. PIMCO Global StocksPLUS & Income Fund has a 12 month low of $8.04 and a 12 month high of $9.41. The stock’s fifty day moving average price is $8.64 and its two-hundred day moving average price is $8.69.
PIMCO Global StocksPLUS & Income Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.069 per share. The ex-dividend date is Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 9.9%.
PIMCO Global StocksPLUS & Income Fund Company Profile
The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.
To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.