PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Sees Significant Decline in Short Interest

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,587 shares, a decline of 38.6% from the July 15th total of 18,876 shares. Based on an average daily trading volume, of 57,561 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% during the 2nd quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock valued at $162,000 after buying an additional 1,325 shares during the period. CoreCap Advisors LLC boosted its holdings in PIMCO Global StocksPLUS & Income Fund by 44.6% in the 2nd quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after acquiring an additional 3,300 shares during the period. Argyle Capital Partners LLC acquired a new stake in PIMCO Global StocksPLUS & Income Fund in the second quarter valued at approximately $121,000. LPL Financial LLC grew its position in PIMCO Global StocksPLUS & Income Fund by 9.0% in the fourth quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock valued at $1,620,000 after acquiring an additional 14,627 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the first quarter valued at approximately $128,000.

PIMCO Global StocksPLUS & Income Fund Stock Performance

Shares of PGP stock traded down $0.14 during mid-day trading on Tuesday, reaching $8.69. The company’s stock had a trading volume of 35,969 shares, compared to its average volume of 48,092. The company’s 50 day simple moving average is $8.58 and its 200-day simple moving average is $8.78. PIMCO Global StocksPLUS & Income Fund has a 12-month low of $8.04 and a 12-month high of $9.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a $0.069 dividend. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date is Thursday, August 13th.

About PIMCO Global StocksPLUS & Income Fund

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.