PIMCO Access Income Fund (NYSE:PAXS) Short Interest Update

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 37,404 shares, a decline of 54.2% from the July 15th total of 81,605 shares. Based on an average daily trading volume, of 181,737 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PAXS. Royal Bank of Canada boosted its holdings in shares of PIMCO Access Income Fund by 21.8% in the 1st quarter. Royal Bank of Canada now owns 423,621 shares of the company’s stock valued at $6,803,000 after buying an additional 75,940 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in PIMCO Access Income Fund in the first quarter valued at $337,000. First Trust Advisors LP lifted its stake in PIMCO Access Income Fund by 21.3% in the second quarter. First Trust Advisors LP now owns 15,737 shares of the company’s stock valued at $238,000 after acquiring an additional 2,760 shares during the last quarter. Bank of America Corp DE grew its position in shares of PIMCO Access Income Fund by 21.1% in the 2nd quarter. Bank of America Corp DE now owns 374,892 shares of the company’s stock valued at $5,665,000 after acquiring an additional 65,266 shares during the period. Finally, Hilton Capital Management LLC acquired a new position in shares of PIMCO Access Income Fund during the 2nd quarter worth about $181,000.

PIMCO Access Income Fund Trading Down 0.9%

Shares of PIMCO Access Income Fund stock traded down $0.12 during trading hours on Friday, reaching $14.27. 180,952 shares of the company’s stock were exchanged, compared to its average volume of 207,449. The company has a 50 day moving average of $14.31 and a two-hundred day moving average of $14.64. PIMCO Access Income Fund has a fifty-two week low of $13.74 and a fifty-two week high of $16.56.

PIMCO Access Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a dividend of $0.1494 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 12.6%.

PIMCO Access Income Fund Company Profile

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.