PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Down 52.0% in May

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 187,210 shares, a decline of 52.0% from the May 14th total of 389,884 shares. Based on an average daily trading volume, of 2,581,182 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO Dynamic Income Fund Stock Performance

Shares of PIMCO Dynamic Income Fund stock traded up $0.23 on Monday, reaching $16.53. 2,931,394 shares of the company were exchanged, compared to its average volume of 2,849,967. PIMCO Dynamic Income Fund has a 1-year low of $16.25 and a 1-year high of $20.17. The stock’s 50 day moving average price is $17.08 and its 200-day moving average price is $17.65.

PIMCO Dynamic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be given a dividend of $0.2205 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 16.0%.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in PIMCO Dynamic Income Fund by 5.7% in the second quarter. Bank of America Corp DE now owns 3,068,594 shares of the company’s stock valued at $58,211,000 after purchasing an additional 165,389 shares in the last quarter. Rivernorth Capital Management LLC acquired a new position in PIMCO Dynamic Income Fund in the fourth quarter valued at approximately $49,968,000. Wells Fargo & Company MN boosted its holdings in PIMCO Dynamic Income Fund by 110.4% in the fourth quarter. Wells Fargo & Company MN now owns 2,214,301 shares of the company’s stock valued at $39,215,000 after purchasing an additional 1,161,637 shares in the last quarter. UBS Group AG boosted its holdings in PIMCO Dynamic Income Fund by 2.3% in the third quarter. UBS Group AG now owns 1,758,095 shares of the company’s stock valued at $34,810,000 after purchasing an additional 38,875 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in PIMCO Dynamic Income Fund by 6.9% in the first quarter. Cetera Investment Advisers now owns 1,708,064 shares of the company’s stock valued at $29,225,000 after purchasing an additional 110,655 shares in the last quarter.

About PIMCO Dynamic Income Fund

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.