PIMCO Energy and Tactical Credit Opportunities Fund (NYSE:NRGX) Short Interest Update

PIMCO Energy and Tactical Credit Opportunities Fund (NYSE:NRGX) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 317,000 shares, an increase of 1,732.4% from the September 15th total of 17,300 shares. Based on an average trading volume of 121,300 shares, the short-interest ratio is currently 2.6 days.

In other PIMCO Energy and Tactical Credit Opportunities Fund news, insider Thibault Christian Stracke bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 18th. The stock was purchased at an average cost of $11.58 per share, for a total transaction of $115,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Greg Elliot Sharenow bought 3,250 shares of the business’s stock in a transaction on Thursday, September 9th. The shares were acquired at an average price of $11.77 per share, with a total value of $38,252.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 36,250 shares of company stock valued at $426,663.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NRGX. Royal Bank of Canada lifted its stake in PIMCO Energy and Tactical Credit Opportunities Fund by 100.4% during the first quarter. Royal Bank of Canada now owns 512,942 shares of the company’s stock worth $5,309,000 after purchasing an additional 256,978 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in shares of PIMCO Energy and Tactical Credit Opportunities Fund by 29.2% during the second quarter. Punch & Associates Investment Management Inc. now owns 976,724 shares of the company’s stock worth $12,209,000 after buying an additional 220,706 shares in the last quarter. Wagner Wealth Management LLC increased its holdings in shares of PIMCO Energy and Tactical Credit Opportunities Fund by 569.4% during the first quarter. Wagner Wealth Management LLC now owns 92,950 shares of the company’s stock worth $962,000 after buying an additional 79,065 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of PIMCO Energy and Tactical Credit Opportunities Fund during the second quarter worth $795,000. Finally, UBS Group AG increased its holdings in shares of PIMCO Energy and Tactical Credit Opportunities Fund by 4.2% during the first quarter. UBS Group AG now owns 1,573,046 shares of the company’s stock worth $16,281,000 after buying an additional 63,469 shares in the last quarter.

NYSE NRGX opened at $12.97 on Thursday. The business has a fifty day moving average price of $11.81 and a two-hundred day moving average price of $11.63. PIMCO Energy and Tactical Credit Opportunities Fund has a fifty-two week low of $5.73 and a fifty-two week high of $13.19.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 1st. Shareholders of record on Monday, September 13th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.24%. The ex-dividend date of this dividend was Friday, September 10th.

About PIMCO Energy and Tactical Credit Opportunities Fund

Pimco Energy and Tactical Credit Opportunities Fund’s primary investment objective is to seek total return, with a secondary objective to seek to provide high current income.
The fund will invest, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in investments linked to the energy sector and in investments linked to the credit sectors.

Under normal circumstances, the fund will invest, directly or indirectly, at least 66% of its net assets in energy investments.

Further Reading: Technical Analysis of Stocks, How Can It Help

Receive News & Ratings for PIMCO Energy and Tactical Credit Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Energy and Tactical Credit Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.