PIMCO High Income Fund (NYSE:PHK) Short Interest Up 107.5% in February

PIMCO High Income Fund (NYSE:PHK) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 85,700 shares, an increase of 107.5% from the February 13th total of 41,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 696,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On PIMCO High Income Fund

Several hedge funds have recently modified their holdings of PHK. LPL Financial LLC boosted its holdings in shares of PIMCO High Income Fund by 54.3% during the 4th quarter. LPL Financial LLC now owns 1,624,495 shares of the investment management company’s stock valued at $7,895,000 after acquiring an additional 571,384 shares in the last quarter. Guggenheim Capital LLC raised its position in PIMCO High Income Fund by 84.1% during the 4th quarter. Guggenheim Capital LLC now owns 815,826 shares of the investment management company’s stock worth $3,965,000 after purchasing an additional 372,623 shares during the last quarter. Noble Wealth Management PBC bought a new position in PIMCO High Income Fund during the 4th quarter worth $1,554,000. Rivernorth Capital Management LLC raised its position in PIMCO High Income Fund by 6.5% during the 3rd quarter. Rivernorth Capital Management LLC now owns 4,939,765 shares of the investment management company’s stock worth $24,699,000 after purchasing an additional 301,706 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in PIMCO High Income Fund during the 3rd quarter worth $1,419,000. Institutional investors and hedge funds own 11.75% of the company’s stock.

PIMCO High Income Fund Trading Down 0.1 %

Shares of NYSE PHK traded down $0.01 during mid-day trading on Friday, hitting $4.87. 569,557 shares of the stock traded hands, compared to its average volume of 579,361. PIMCO High Income Fund has a twelve month low of $4.59 and a twelve month high of $5.18. The firm has a 50 day simple moving average of $4.91 and a two-hundred day simple moving average of $4.96.

PIMCO High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a dividend yield of 11.84%. The ex-dividend date is Thursday, March 13th.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.