PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Update

PIMCO Dynamic Income Fund (NYSE:PDI) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 584,753 shares, a growth of 297.2% from the November 30th total of 147,214 shares. Based on an average trading volume of 2,738,423 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 2,738,423 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO Dynamic Income Fund Trading Up 0.3%

PDI stock traded up $0.06 on Thursday, reaching $17.75. 1,990,581 shares of the company were exchanged, compared to its average volume of 2,463,805. PIMCO Dynamic Income Fund has a 12 month low of $16.00 and a 12 month high of $20.17. The stock’s fifty day moving average price is $18.08 and its 200 day moving average price is $18.90.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.2205 per share. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 14.9%.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Hedge funds have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC increased its stake in PIMCO Dynamic Income Fund by 199,738.8% during the second quarter. Kingstone Capital Partners Texas LLC now owns 22,407,926 shares of the company’s stock valued at $428,429,000 after acquiring an additional 22,396,713 shares during the period. Gridiron Partners LLC bought a new stake in shares of PIMCO Dynamic Income Fund in the 3rd quarter worth approximately $66,907,000. Bank of America Corp DE grew its holdings in shares of PIMCO Dynamic Income Fund by 5.7% during the 2nd quarter. Bank of America Corp DE now owns 3,068,594 shares of the company’s stock worth $58,211,000 after purchasing an additional 165,389 shares in the last quarter. UBS Group AG increased its position in shares of PIMCO Dynamic Income Fund by 2.3% during 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 during the period. Finally, J.W. Cole Advisors Inc. increased its position in shares of PIMCO Dynamic Income Fund by 6.0% during the third quarter. J.W. Cole Advisors Inc. now owns 1,568,964 shares of the company’s stock valued at $31,065,000 after purchasing an additional 89,505 shares during the period.

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.