PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Sees Significant Growth in Short Interest

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 28,557 shares, a growth of 140.4% from the September 15th total of 11,881 shares. Based on an average daily volume of 50,764 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

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

PIMCO Global StocksPLUS & Income Fund Price Performance

Shares of NYSE:PGP opened at $8.10 on Thursday. The company’s fifty day moving average is $8.53 and its two-hundred day moving average is $8.63. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $8.03 and a 1-year high of $9.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.0690 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Tuesday, October 13th.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a closed-end fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide investors with a combination of current income and long-term capital appreciation through exposure to global equity and fixed-income markets.

PGP uses PIMCO’s StocksPLUS strategy, which generally combines a portfolio of fixed-income investments with derivatives or other instruments designed to provide exposure to equity markets.