PIMCO Dynamic Income Fund (NYSE:PDI) Sees Large Growth in Short Interest

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 894,582 shares, an increase of 152.6% from the January 29th total of 354,127 shares. Based on an average daily volume of 3,816,325 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 3,816,325 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of large investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in PIMCO Dynamic Income Fund during the 4th quarter worth approximately $1,065,000. Compound Planning Inc. grew its holdings in PIMCO Dynamic Income Fund by 15.8% in the 4th quarter. Compound Planning Inc. now owns 31,703 shares of the company’s stock valued at $561,000 after buying an additional 4,318 shares in the last quarter. First Growth Capital LLC bought a new position in PIMCO Dynamic Income Fund during the 4th quarter worth $697,000. Corient Private Wealth LLC lifted its holdings in shares of PIMCO Dynamic Income Fund by 59.5% during the fourth quarter. Corient Private Wealth LLC now owns 19,231 shares of the company’s stock worth $341,000 after buying an additional 7,175 shares in the last quarter. Finally, Smith Asset Management Co. LLC lifted its holdings in shares of PIMCO Dynamic Income Fund by 7.5% during the fourth quarter. Smith Asset Management Co. LLC now owns 148,579 shares of the company’s stock worth $2,631,000 after buying an additional 10,362 shares in the last quarter.

PIMCO Dynamic Income Fund Price Performance

Shares of PDI opened at $18.12 on Friday. The company’s 50-day moving average is $18.22 and its 200-day moving average is $18.66. PIMCO Dynamic Income Fund has a fifty-two week low of $16.00 and a fifty-two week high of $20.17.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be given a dividend of $0.2205 per share. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a yield of 14.6%.

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.