PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Update

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,060,000 shares, a growth of 113.9% from the January 31st total of 495,500 shares. Based on an average trading volume of 1,986,700 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its stake in PIMCO Dynamic Income Fund by 64.9% in the 4th quarter. Blue Trust Inc. now owns 1,621 shares of the company’s stock worth $30,000 after purchasing an additional 638 shares during the period. ST Germain D J Co. Inc. purchased a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at $37,000. Sunbelt Securities Inc. boosted its position in shares of PIMCO Dynamic Income Fund by 50.0% in the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock worth $49,000 after buying an additional 800 shares during the period. Anfield Capital Management LLC purchased a new position in shares of PIMCO Dynamic Income Fund during the fourth quarter valued at $56,000. Finally, US Bancorp DE raised its position in PIMCO Dynamic Income Fund by 53.5% during the third quarter. US Bancorp DE now owns 3,682 shares of the company’s stock valued at $75,000 after buying an additional 1,283 shares during the period.

PIMCO Dynamic Income Fund Price Performance

NYSE:PDI traded up $0.14 during midday trading on Friday, hitting $19.94. 2,346,289 shares of the stock were exchanged, compared to its average volume of 2,078,118. PIMCO Dynamic Income Fund has a one year low of $18.17 and a one year high of $20.90. The business has a 50-day moving average price of $19.13 and a two-hundred day moving average price of $19.34.

PIMCO Dynamic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a $0.2205 dividend. The ex-dividend date is Thursday, February 13th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 13.27%.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.