PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Short Interest Drops 36.6%

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 11,881 shares, a decrease of 36.6% from the August 31st total of 18,750 shares. Based on an average daily trading volume, of 65,736 shares, the days-to-cover ratio is currently 0.2 days.

PIMCO Global StocksPLUS & Income Fund Stock Performance

NYSE:PGP traded up $0.05 during trading hours on Thursday, reaching $8.23. 10,059 shares of the company were exchanged, compared to its average volume of 48,696. The stock’s 50-day moving average is $8.57 and its 200-day moving average is $8.64. PIMCO Global StocksPLUS & Income Fund has a twelve month low of $8.04 and a twelve month high of $9.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.0690 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.83 dividend on an annualized basis and a yield of 10.1%.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in PIMCO Global StocksPLUS & Income Fund during the first quarter worth about $128,000. Argyle Capital Partners LLC acquired a new stake in PIMCO Global StocksPLUS & Income Fund in the 2nd quarter valued at about $121,000. Rivernorth Capital Management LLC lifted its stake in PIMCO Global StocksPLUS & Income Fund by 1.0% in the 2nd quarter. Rivernorth Capital Management LLC now owns 349,408 shares of the company’s stock worth $3,012,000 after purchasing an additional 3,457 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 44.6% during the 2nd quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 4.6% during the 1st quarter. Cetera Investment Advisers now owns 31,282 shares of the company’s stock worth $261,000 after purchasing an additional 1,387 shares during the last quarter.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a closed-end investment fund managed by PIMCO, a global investment management firm. The fund seeks total return through a combination of current income and long-term capital appreciation.

PGP uses a “StocksPLUS” approach, combining exposure to global equity markets with investments in fixed-income securities and related instruments. The fund may use derivatives, including equity-related contracts, to obtain or manage exposure to stocks while maintaining a portfolio designed to generate income.