Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Declines By 75.8%

PIMCO Dynamic Income Fund (NYSE:PDI) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 416,300 shares, a decrease of 75.8% from the March 31st total of 1,720,000 shares. Based on an average daily volume of 2,685,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of PIMCO Dynamic Income Fund

A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC boosted its holdings in shares of PIMCO Dynamic Income Fund by 11.1% during the fourth quarter. LPL Financial LLC now owns 2,900,847 shares of the company’s stock worth $53,202,000 after purchasing an additional 289,535 shares during the period. Bank of America Corp DE raised its stake in PIMCO Dynamic Income Fund by 8.4% in the fourth quarter. Bank of America Corp DE now owns 2,835,670 shares of the company’s stock worth $52,006,000 after buying an additional 220,794 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in PIMCO Dynamic Income Fund by 23.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,796,829 shares of the company’s stock worth $32,967,000 after buying an additional 338,089 shares in the last quarter. PFG Investments LLC raised its stake in PIMCO Dynamic Income Fund by 15.7% in the first quarter. PFG Investments LLC now owns 1,314,200 shares of the company’s stock worth $26,021,000 after buying an additional 178,093 shares in the last quarter. Finally, Cohen & Steers Inc. raised its stake in PIMCO Dynamic Income Fund by 1.4% in the fourth quarter. Cohen & Steers Inc. now owns 1,313,573 shares of the company’s stock worth $24,091,000 after buying an additional 17,739 shares in the last quarter.

PIMCO Dynamic Income Fund Stock Performance

Shares of PIMCO Dynamic Income Fund stock traded up $0.07 during trading on Tuesday, reaching $18.48. 146,766 shares of the stock were exchanged, compared to its average volume of 1,967,116. The stock’s fifty day moving average is $19.12 and its 200 day moving average is $19.16. PIMCO Dynamic Income Fund has a 1 year low of $16.00 and a 1 year high of $20.90.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.2205 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 14.32%.

About PIMCO Dynamic Income Fund

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.