Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Drops By 58.9%

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 40,534 shares, a drop of 58.9% from the August 15th total of 98,511 shares. Based on an average daily trading volume, of 217,827 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On PIMCO Access Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its holdings in shares of PIMCO Access Income Fund by 4.7% during the second quarter. Wedbush Securities Inc. now owns 44,119 shares of the company’s stock worth $642,000 after purchasing an additional 1,979 shares during the period. GHP Investment Advisors Inc. acquired a new position in PIMCO Access Income Fund in the 1st quarter valued at approximately $41,000. Noble Wealth Management PBC lifted its position in PIMCO Access Income Fund by 5.8% in the 2nd quarter. Noble Wealth Management PBC now owns 125,967 shares of the company’s stock worth $1,833,000 after buying an additional 6,899 shares in the last quarter. Corrado Advisors LLC lifted its position in PIMCO Access Income Fund by 5.6% in the 1st quarter. Corrado Advisors LLC now owns 160,268 shares of the company’s stock worth $2,309,000 after buying an additional 8,508 shares in the last quarter. Finally, Focus Financial Network Inc. acquired a new stake in shares of PIMCO Access Income Fund during the 2nd quarter valued at $154,000.

PIMCO Access Income Fund Stock Down 2.5%

Shares of PAXS stock traded down $0.34 during midday trading on Monday, reaching $13.38. 529,974 shares of the company were exchanged, compared to its average volume of 209,680. The company’s 50 day moving average price is $14.24 and its two-hundred day moving average price is $14.38. PIMCO Access Income Fund has a 12 month low of $13.34 and a 12 month high of $16.56.

PIMCO Access Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $0.1494 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a yield of 13.4%.

PIMCO Access Income Fund Company Profile

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.