Short Interest in PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Rises By 164.8%

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 32,300 shares, a growth of 164.8% from the July 15th total of 12,200 shares. Based on an average daily trading volume, of 49,900 shares, the short-interest ratio is currently 0.6 days.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.4 %

Shares of PGP traded up $0.03 during mid-day trading on Tuesday, reaching $7.53. The company had a trading volume of 22,961 shares, compared to its average volume of 46,077. PIMCO Global StocksPLUS & Income Fund has a 52-week low of $5.83 and a 52-week high of $7.87. The stock has a 50 day moving average of $7.60 and a two-hundred day moving average of $7.55.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be issued a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date is Monday, August 12th.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 650.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,625 shares of the company’s stock worth $42,000 after acquiring an additional 4,875 shares in the last quarter. Epic Trust Investment Advisors LLC purchased a new position in PIMCO Global StocksPLUS & Income Fund during the fourth quarter worth approximately $102,000. Shaker Financial Services LLC boosted its position in PIMCO Global StocksPLUS & Income Fund by 483.0% during the fourth quarter. Shaker Financial Services LLC now owns 178,457 shares of the company’s stock worth $1,343,000 after purchasing an additional 147,846 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in PIMCO Global StocksPLUS & Income Fund in the fourth quarter valued at approximately $75,000. Finally, MAS Advisors LLC purchased a new stake in shares of PIMCO Global StocksPLUS & Income Fund in the first quarter valued at approximately $229,000.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.