PIMCO High Income Fund (NYSE:PHK) Short Interest Up 17.6% in April

PIMCO High Income Fund (NYSE:PHK) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 310,267 shares, an increase of 17.6% from the March 31st total of 263,892 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 754,760 shares, the days-to-cover ratio is currently 0.4 days.

PIMCO High Income Fund Trading Up 1.0%

NYSE:PHK traded up $0.05 during midday trading on Friday, reaching $4.73. 1,190,831 shares of the stock traded hands, compared to its average volume of 556,097. The company has a fifty day moving average of $4.70 and a 200 day moving average of $4.82. PIMCO High Income Fund has a 12 month low of $4.41 and a 12 month high of $5.04.

PIMCO High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 13th were issued a dividend of $0.048 per share. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date was Monday, April 13th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Guerra Advisors Inc bought a new position in PIMCO High Income Fund in the 3rd quarter worth $28,000. Aspect Partners LLC bought a new position in PIMCO High Income Fund in the 3rd quarter worth $29,000. Cornerstone Planning Group LLC raised its holdings in PIMCO High Income Fund by 31,295.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 6,279 shares of the investment management company’s stock worth $31,000 after purchasing an additional 6,259 shares in the last quarter. Private Trust Co. NA bought a new position in PIMCO High Income Fund in the 3rd quarter worth $50,000. Finally, Jane Street Group LLC bought a new position in PIMCO High Income Fund in the 2nd quarter worth $48,000. 11.75% of the stock is currently owned by institutional investors.

PIMCO High Income Fund Company Profile

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.