Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Drops By 52.0%

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 187,210 shares, a decrease of 52.0% from the May 14th total of 389,884 shares. Based on an average daily volume of 2,581,182 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of hedge funds have recently bought and sold shares of PDI. AQR Capital Management LLC acquired a new position in PIMCO Dynamic Income Fund in the first quarter worth about $359,000. Integrated Wealth Concepts LLC grew its stake in PIMCO Dynamic Income Fund by 106.8% in the first quarter. Integrated Wealth Concepts LLC now owns 27,432 shares of the company’s stock worth $543,000 after purchasing an additional 14,166 shares in the last quarter. Cerity Partners LLC acquired a new position in PIMCO Dynamic Income Fund in the second quarter worth about $751,000. NewEdge Advisors LLC grew its stake in PIMCO Dynamic Income Fund by 81.7% in the second quarter. NewEdge Advisors LLC now owns 172,573 shares of the company’s stock worth $3,274,000 after purchasing an additional 77,586 shares in the last quarter. Finally, HUB Investment Partners LLC grew its stake in PIMCO Dynamic Income Fund by 5.3% in the second quarter. HUB Investment Partners LLC now owns 45,882 shares of the company’s stock worth $870,000 after purchasing an additional 2,297 shares in the last quarter.

PIMCO Dynamic Income Fund Stock Down 0.6%

NYSE PDI traded down $0.10 during trading hours on Friday, hitting $16.34. The company had a trading volume of 3,232,833 shares, compared to its average volume of 2,849,107. The firm’s 50 day moving average is $17.09 and its 200 day moving average is $17.66. PIMCO Dynamic Income Fund has a fifty-two week low of $16.25 and a fifty-two week high of $20.17.

PIMCO Dynamic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.2205 per share. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 16.2%.

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.