PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Up 294.0% in August

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 45,653 shares, an increase of 294.0% from the July 30th total of 11,587 shares. Based on an average trading volume of 79,294 shares, the days-to-cover ratio is currently 0.6 days.

PIMCO Global StocksPLUS & Income Fund Stock Performance

PIMCO Global StocksPLUS & Income Fund stock opened at $8.78 on Friday. PIMCO Global StocksPLUS & Income Fund has a 52-week low of $8.04 and a 52-week high of $9.41. The business has a 50-day simple moving average of $8.61 and a two-hundred day simple moving average of $8.75.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

A number of hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its stake in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% in the 2nd quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock worth $162,000 after purchasing an additional 1,325 shares in the last quarter. LPL Financial LLC lifted its position in PIMCO Global StocksPLUS & Income Fund by 9.0% during the fourth quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock valued at $1,620,000 after purchasing an additional 14,627 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in PIMCO Global StocksPLUS & Income Fund by 88.1% during the fourth quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock valued at $821,000 after purchasing an additional 42,097 shares during the period. Fifth Third Bancorp bought a new stake in PIMCO Global StocksPLUS & Income Fund during the first quarter valued at about $128,000. Finally, CoreCap Advisors LLC increased its position in PIMCO Global StocksPLUS & Income Fund by 44.6% in the second quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after buying an additional 3,300 shares in the last quarter.

PIMCO Global StocksPLUS & Income Fund Company Profile

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.