PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Update

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 13,100 shares, a decrease of 33.2% from the February 13th total of 19,600 shares. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

Large investors have recently made changes to their positions in the company. Institute for Wealth Management LLC. grew its position in PIMCO Global StocksPLUS & Income Fund by 102.0% during the fourth quarter. Institute for Wealth Management LLC. now owns 25,239 shares of the company’s stock valued at $196,000 after buying an additional 12,743 shares during the period. MAS Advisors LLC boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 5.2% during the 4th quarter. MAS Advisors LLC now owns 29,767 shares of the company’s stock worth $232,000 after acquiring an additional 1,472 shares in the last quarter. Truist Financial Corp boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 79.8% during the 4th quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock worth $1,017,000 after acquiring an additional 58,002 shares in the last quarter. LPL Financial LLC increased its stake in shares of PIMCO Global StocksPLUS & Income Fund by 18.5% in the 4th quarter. LPL Financial LLC now owns 154,372 shares of the company’s stock valued at $1,201,000 after purchasing an additional 24,137 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of PIMCO Global StocksPLUS & Income Fund by 80.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 127,315 shares of the company’s stock valued at $991,000 after purchasing an additional 56,802 shares in the last quarter.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.8 %

PIMCO Global StocksPLUS & Income Fund stock traded up $0.06 during midday trading on Friday, hitting $7.96. 28,748 shares of the company were exchanged, compared to its average volume of 41,690. The business has a fifty day simple moving average of $7.95 and a two-hundred day simple moving average of $8.02. PIMCO Global StocksPLUS & Income Fund has a fifty-two week low of $7.08 and a fifty-two week high of $8.41.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.069 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.40%.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global Stocksplus & Income Fund is a closed ended balanced 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 fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.