Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Expands By 113.9%

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,060,000 shares, a growth of 113.9% from the January 31st total of 495,500 shares. Based on an average trading volume of 1,986,700 shares, the days-to-cover ratio is presently 0.5 days.

PIMCO Dynamic Income Fund Stock Up 0.7 %

PIMCO Dynamic Income Fund stock traded up $0.14 during midday trading on Friday, hitting $19.94. 2,346,289 shares of the stock were exchanged, compared to its average volume of 2,078,118. The company has a fifty day simple moving average of $19.13 and a two-hundred day simple moving average of $19.34. PIMCO Dynamic Income Fund has a 52 week low of $18.17 and a 52 week high of $20.90.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a dividend of $0.2205 per share. This represents a $2.65 annualized dividend and a yield of 13.27%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PDI. Creative Planning boosted its stake in PIMCO Dynamic Income Fund by 20.4% during the 3rd quarter. Creative Planning now owns 13,857 shares of the company’s stock worth $281,000 after acquiring an additional 2,351 shares during the last quarter. International Assets Investment Management LLC lifted its stake in PIMCO Dynamic Income Fund by 1,633.6% in the third quarter. International Assets Investment Management LLC now owns 278,101 shares of the company’s stock valued at $5,637,000 after buying an additional 262,059 shares in the last quarter. Diversify Wealth Management LLC bought a new position in PIMCO Dynamic Income Fund in the third quarter valued at approximately $320,000. US Bancorp DE lifted its stake in PIMCO Dynamic Income Fund by 53.5% in the third quarter. US Bancorp DE now owns 3,682 shares of the company’s stock valued at $75,000 after buying an additional 1,283 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in PIMCO Dynamic Income Fund by 5.2% in the third quarter. Principal Securities Inc. now owns 196,966 shares of the company’s stock valued at $3,993,000 after buying an additional 9,814 shares in the last quarter.

About PIMCO Dynamic Income Fund

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.