PIMCO Dynamic Income Fund (NYSE:PDI) Shares Shorted: Short Interest Up 4,052.3% in October

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,048,214 shares, a growth of 4,052.3% from the September 30th total of 25,244 shares. Based on an average daily trading volume, of 4,419,382 shares, the days-to-cover ratio is presently 0.2 days.

Insider Transactions at PIMCO Dynamic Income Fund

In other news, Director Alan Rappaport bought 5,500 shares of PIMCO Dynamic Income Fund stock in a transaction that occurred on Thursday, September 24th. The stock was bought at an average cost of $13.76 per share, with a total value of $75,680.00. Following the acquisition, the director owned 9,313 shares of the company’s stock, valued at $128,146.88. The trade was a 144.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sonya Morris bought 5,700 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were acquired at an average cost of $14.32 per share, for a total transaction of $81,624.00. Following the purchase, the director owned 11,400 shares of the company’s stock, valued at approximately $163,248. The trade was a 100.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 34,348 shares of company stock worth $486,724 over the last three months.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

Several hedge funds have recently modified their holdings of PDI. Bank of America Corp DE grew its holdings in shares of PIMCO Dynamic Income Fund by 3.5% during the 1st quarter. Bank of America Corp DE now owns 3,038,182 shares of the company’s stock valued at $51,983,000 after acquiring an additional 102,618 shares in the last quarter. Cetera Investment Advisers grew its position in PIMCO Dynamic Income Fund by 6.9% during the 1st quarter. Cetera Investment Advisers now owns 1,708,064 shares of the company’s stock worth $29,225,000 after acquiring an additional 110,655 shares during the last quarter. Royal Bank of Canada raised its stake in shares of PIMCO Dynamic Income Fund by 10.5% in the first quarter. Royal Bank of Canada now owns 1,537,452 shares of the company’s stock worth $26,306,000 after acquiring an additional 146,246 shares during the last quarter. PFG Investments LLC increased its position in PIMCO Dynamic Income Fund by 5.1% in the first quarter. PFG Investments LLC now owns 1,525,235 shares of the company’s stock worth $26,097,000 after purchasing an additional 73,358 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake in PIMCO Dynamic Income Fund by 6.3% in the second quarter. TD Waterhouse Canada Inc. now owns 1,385,039 shares of the company’s stock valued at $23,164,000 after acquiring an additional 82,214 shares during the last quarter.

PIMCO Dynamic Income Fund Price Performance

Shares of PIMCO Dynamic Income Fund stock traded up $0.04 during trading on Wednesday, hitting $14.12. 523,571 shares of the stock were exchanged, compared to its average volume of 3,132,136. PIMCO Dynamic Income Fund has a 12-month low of $13.73 and a 12-month high of $19.00. The firm’s 50-day moving average price is $14.57 and its 200 day moving average price is $16.55.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be given a dividend of $0.2205 per share. This represents a $2.65 dividend on an annualized basis and a yield of 18.7%. The ex-dividend date of this dividend is Tuesday, October 13th.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide current income as its primary objective and capital appreciation as a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income and other income-producing securities. Its investments may include corporate and government debt, mortgage-related securities, emerging-market debt, bank loans, structured credit and other credit-related instruments.