Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Decreases By 20.0%

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,720,000 shares, a drop of 20.0% from the March 15th total of 2,150,000 shares. Based on an average daily trading volume, of 2,715,500 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PDI. Morse Asset Management Inc acquired a new stake in shares of PIMCO Dynamic Income Fund in the 3rd quarter valued at approximately $1,827,000. Jane Street Group LLC grew its stake in shares of PIMCO Dynamic Income Fund by 58.1% during the 3rd quarter. Jane Street Group LLC now owns 31,729 shares of the company’s stock worth $643,000 after purchasing an additional 11,661 shares during the period. World Investment Advisors LLC purchased a new position in shares of PIMCO Dynamic Income Fund in the 3rd quarter valued at about $250,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of PIMCO Dynamic Income Fund by 1.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 168,208 shares of the company’s stock valued at $3,410,000 after purchasing an additional 1,785 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at about $37,000.

PIMCO Dynamic Income Fund Price Performance

Shares of NYSE PDI traded up $0.17 during mid-day trading on Friday, hitting $17.89. 1,187,256 shares of the company were exchanged, compared to its average volume of 1,964,778. The stock has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $19.28. PIMCO Dynamic Income Fund has a 1-year low of $16.00 and a 1-year high of $20.90.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a dividend of $0.2205 per share. The ex-dividend date is Friday, April 11th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 14.79%.

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.