PIMCO Dynamic Income Fund (NYSE:PDI) Sees Large Drop in Short Interest

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 84,101 shares, a decline of 89.9% from the June 15th total of 835,910 shares. Based on an average trading volume of 2,827,648 shares, the days-to-cover ratio is presently 0.0 days.

PIMCO Dynamic Income Fund Stock Up 0.4%

NYSE PDI traded up $0.07 during trading hours on Friday, reaching $16.77. 3,564,241 shares of the company’s stock were exchanged, compared to its average volume of 2,825,575. The firm has a fifty day moving average of $16.77 and a 200-day moving average of $17.47. PIMCO Dynamic Income Fund has a one year low of $16.10 and a one year high of $20.17.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be issued a dividend of $0.2205 per share. This represents a c) annualized dividend and a dividend yield of 15.8%. The ex-dividend date is Monday, July 13th.

Institutional Trading of PIMCO Dynamic Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allied Private Wealth LLC bought a new stake in PIMCO Dynamic Income Fund during the 2nd quarter worth about $30,000. Heritage Wealth Advisors bought a new position in shares of PIMCO Dynamic Income Fund in the fourth quarter worth about $35,000. Sankala Group LLC bought a new position in shares of PIMCO Dynamic Income Fund in the fourth quarter worth about $55,000. First Horizon Corp acquired a new position in shares of PIMCO Dynamic Income Fund during the first quarter worth approximately $57,000. Finally, SHP Wealth Management acquired a new position in shares of PIMCO Dynamic Income Fund during the fourth quarter worth approximately $64,000.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.