Short Interest in PIMCO High Income Fund (NYSE:PHK) Rises By 81.6%

PIMCO High Income Fund (NYSE:PHK) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 759,122 shares, an increase of 81.6% from the December 31st total of 418,016 shares. Based on an average daily trading volume, of 814,976 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 814,976 shares, the days-to-cover ratio is currently 0.9 days.

PIMCO High Income Fund Trading Up 0.1%

Shares of NYSE PHK traded up $0.01 during mid-day trading on Friday, hitting $4.96. The company had a trading volume of 592,267 shares, compared to its average volume of 770,331. The firm’s 50 day simple moving average is $4.89 and its two-hundred day simple moving average is $4.89. PIMCO High Income Fund has a 12 month low of $4.18 and a 12 month high of $5.04.

PIMCO High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a $0.048 dividend. The ex-dividend date is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

Institutional Trading of PIMCO High Income Fund

Hedge funds have recently bought and sold shares of the company. Guerra Advisors Inc purchased a new position in PIMCO High Income Fund in the third quarter valued at about $28,000. Aspect Partners LLC acquired a new stake in shares of PIMCO High Income Fund during the 3rd quarter valued at about $29,000. Private Trust Co. NA bought a new stake in shares of PIMCO High Income Fund in the 3rd quarter valued at approximately $50,000. Jane Street Group LLC acquired a new position in PIMCO High Income Fund in the second quarter worth approximately $48,000. Finally, Zullo Investment Group Inc. bought a new position in PIMCO High Income Fund during the third quarter valued at approximately $50,000. 11.75% of the stock is owned by hedge funds and other institutional investors.

About PIMCO High Income Fund

The PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK’s investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.