Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Increases By 57.8%

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 724,736 shares, an increase of 57.8% from the July 30th total of 459,285 shares. Based on an average daily trading volume, of 2,769,326 shares, the short-interest ratio is currently 0.3 days.

PIMCO Dynamic Income Fund Price Performance

PIMCO Dynamic Income Fund stock opened at $15.17 on Wednesday. The company’s 50-day moving average price is $16.06 and its two-hundred day moving average price is $16.86. PIMCO Dynamic Income Fund has a twelve month low of $14.88 and a twelve month high of $20.17.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.2205 per share. The ex-dividend date is Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 17.4%.

Institutional Trading of PIMCO Dynamic Income Fund

Several hedge funds have recently added to or reduced their stakes in the company. Disciplined Investments LLC boosted its position in shares of PIMCO Dynamic Income Fund by 43.7% in the fourth quarter. Disciplined Investments LLC now owns 20,244 shares of the company’s stock valued at $359,000 after acquiring an additional 6,153 shares during the period. Catawba River Capital increased its position in PIMCO Dynamic Income Fund by 0.6% during the fourth quarter. Catawba River Capital now owns 175,111 shares of the company’s stock worth $3,101,000 after acquiring an additional 1,061 shares during the period. Valeo Financial Advisors LLC increased its position in PIMCO Dynamic Income Fund by 2.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 29,885 shares of the company’s stock worth $529,000 after acquiring an additional 810 shares during the period. Koshinski Asset Management Inc. raised its stake in PIMCO Dynamic Income Fund by 7.0% in the 4th quarter. Koshinski Asset Management Inc. now owns 23,135 shares of the company’s stock worth $410,000 after purchasing an additional 1,515 shares in the last quarter. Finally, Certior Financial Group LLC raised its stake in PIMCO Dynamic Income Fund by 20.7% in the 4th quarter. Certior Financial Group LLC now owns 17,473 shares of the company’s stock worth $309,000 after purchasing an additional 3,000 shares in the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.