PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 58.9% in August

PIMCO Access Income Fund (NYSE:PAXS) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 40,534 shares, a decline of 58.9% from the August 15th total of 98,511 shares. Based on an average trading volume of 217,827 shares, the short-interest ratio is presently 0.2 days.

PIMCO Access Income Fund Stock Down 0.6%

NYSE:PAXS traded down $0.08 during midday trading on Tuesday, hitting $13.29. The company had a trading volume of 461,455 shares, compared to its average volume of 211,110. PIMCO Access Income Fund has a 52-week low of $13.15 and a 52-week high of $16.56. The stock’s fifty day moving average price is $14.18 and its 200-day moving average price is $14.35.

PIMCO Access Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $0.1494 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a c) annualized dividend and a yield of 13.5%.

Hedge Funds Weigh In On PIMCO Access Income Fund

Several institutional investors have recently modified their holdings of PAXS. Royal Bank of Canada raised its holdings in shares of PIMCO Access Income Fund by 12.5% during the 1st quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock valued at $16,612,000 after buying an additional 127,806 shares in the last quarter. Rivernorth Capital Management LLC purchased a new stake in PIMCO Access Income Fund in the first quarter worth approximately $1,362,000. Independent Financial Group LLC purchased a new stake in PIMCO Access Income Fund in the first quarter worth approximately $411,000. Wealth Care LLC purchased a new stake in PIMCO Access Income Fund in the first quarter worth approximately $362,000. Finally, Bank of America Corp DE grew its position in PIMCO Access Income Fund by 6.2% during the first quarter. Bank of America Corp DE now owns 421,321 shares of the company’s stock valued at $6,071,000 after acquiring an additional 24,721 shares during the last quarter.

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.