Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Grows By 175.0%

PIMCO Access Income Fund (NYSE:PAXS) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 68,200 shares, an increase of 175.0% from the January 31st total of 24,800 shares. Based on an average trading volume of 265,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. World Investment Advisors LLC purchased a new position in PIMCO Access Income Fund during the third quarter valued at approximately $22,595,000. SOL Capital Management CO lifted its position in PIMCO Access Income Fund by 24.0% in the 4th quarter. SOL Capital Management CO now owns 1,314,494 shares of the company’s stock worth $20,046,000 after buying an additional 254,614 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of PIMCO Access Income Fund by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,154,608 shares of the company’s stock valued at $17,608,000 after purchasing an additional 234,128 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of PIMCO Access Income Fund by 17.3% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 358,285 shares of the company’s stock valued at $5,464,000 after acquiring an additional 52,755 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of PIMCO Access Income Fund by 2.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 296,340 shares of the company’s stock valued at $4,519,000 after purchasing an additional 7,850 shares during the period.

PIMCO Access Income Fund Trading Up 0.5 %

NYSE:PAXS traded up $0.08 on Friday, hitting $16.20. The stock had a trading volume of 215,132 shares, compared to its average volume of 203,550. The firm’s fifty day simple moving average is $15.87 and its two-hundred day simple moving average is $16.09. PIMCO Access Income Fund has a 1 year low of $14.55 and a 1 year high of $17.24.

PIMCO Access Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 11.07%. The ex-dividend date of this dividend is Thursday, February 13th.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.