PIMCO Access Income Fund (NYSE:PAXS) Short Interest Update

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 64,993 shares, an increase of 60.3% from the August 31st total of 40,534 shares. Based on an average daily volume of 260,617 shares, the short-interest ratio is presently 0.2 days.

PIMCO Access Income Fund Stock Performance

NYSE PAXS traded up $0.05 during mid-day trading on Wednesday, reaching $13.24. 320,166 shares of the stock were exchanged, compared to its average volume of 222,783. The business’s 50 day moving average is $13.90 and its 200-day moving average is $14.20. PIMCO Access Income Fund has a 1 year low of $12.92 and a 1 year high of $16.56.

PIMCO Access Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be given a $0.1494 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 13.5%.

Institutional Investors Weigh In On PIMCO Access Income Fund

A number of institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. increased its holdings in PIMCO Access Income Fund by 4.7% in the 2nd quarter. Wedbush Securities Inc. now owns 44,119 shares of the company’s stock worth $642,000 after acquiring an additional 1,979 shares in the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of PIMCO Access Income Fund in the first quarter valued at about $41,000. Noble Wealth Management PBC increased its stake in shares of PIMCO Access Income Fund by 5.8% during the second quarter. Noble Wealth Management PBC now owns 125,967 shares of the company’s stock worth $1,833,000 after purchasing an additional 6,899 shares in the last quarter. Corrado Advisors LLC raised its position in shares of PIMCO Access Income Fund by 5.6% during the 1st quarter. Corrado Advisors LLC now owns 160,268 shares of the company’s stock worth $2,309,000 after purchasing an additional 8,508 shares during the last quarter. Finally, Focus Financial Network Inc. purchased a new position in PIMCO Access Income Fund in the 2nd quarter valued at about $154,000.

About PIMCO Access Income Fund

PIMCO Access Income Fund (NYSE:PAXS) is a closed-end management investment company advised by Pacific Investment Management Company LLC, commonly known as PIMCO. The fund seeks to provide current income while also pursuing capital appreciation as a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing investments. Its holdings may include corporate bonds, government and sovereign debt, mortgage- and asset-backed securities, emerging-market securities, bank loans and other credit-related instruments.