PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 55.3% in June

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 37,404 shares, a decrease of 55.3% from the June 15th total of 83,758 shares. Based on an average daily volume of 154,676 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On PIMCO Access Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PAXS. Thomas J. Herzfeld Advisors Inc. boosted its holdings in PIMCO Access Income Fund by 55.3% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 747,910 shares of the company’s stock worth $11,443,000 after acquiring an additional 266,473 shares during the period. Royal Bank of Canada raised its stake in shares of PIMCO Access Income Fund by 12.5% during the first quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock valued at $16,612,000 after purchasing an additional 127,806 shares during the period. Rivernorth Capital Management LLC purchased a new stake in shares of PIMCO Access Income Fund during the first quarter valued at approximately $1,362,000. Bank of America Corp DE lifted its position in shares of PIMCO Access Income Fund by 21.1% during the second quarter. Bank of America Corp DE now owns 374,892 shares of the company’s stock worth $5,665,000 after purchasing an additional 65,266 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of PIMCO Access Income Fund during the fourth quarter worth $801,000.

PIMCO Access Income Fund Trading Down 0.1%

NYSE:PAXS traded down $0.01 during mid-day trading on Tuesday, hitting $14.49. The company had a trading volume of 79,798 shares, compared to its average volume of 210,764. The business has a fifty day simple moving average of $14.31 and a 200-day simple moving average of $14.86. PIMCO Access Income Fund has a 1 year low of $13.74 and a 1 year high of $16.56.

PIMCO Access Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be paid a $0.1494 dividend. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

About PIMCO Access Income Fund

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.