PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 43.5% in October

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 1,300,000 shares, a growth of 43.5% from the September 30th total of 905,700 shares. Based on an average daily trading volume, of 2,586,600 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 2,586,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Institutional investors have recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group purchased a new stake in PIMCO Dynamic Income Fund in the second quarter worth $34,000. Eastern Bank purchased a new stake in shares of PIMCO Dynamic Income Fund during the third quarter valued at $59,000. Parkside Financial Bank & Trust bought a new position in shares of PIMCO Dynamic Income Fund in the third quarter worth about $59,000. WFA of San Diego LLC purchased a new position in PIMCO Dynamic Income Fund in the 2nd quarter worth about $64,000. Finally, Olistico Wealth LLC purchased a new position in PIMCO Dynamic Income Fund in the 2nd quarter worth about $65,000.

PIMCO Dynamic Income Fund Stock Performance

Shares of NYSE PDI opened at $18.36 on Monday. The firm’s 50-day moving average price is $19.46 and its 200-day moving average price is $19.07. PIMCO Dynamic Income Fund has a 12-month low of $16.00 and a 12-month high of $20.17.

PIMCO Dynamic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.2205 per share. This represents a c) annualized dividend and a yield of 14.4%. The ex-dividend date of this dividend is Tuesday, October 14th.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.