PIMCO High Income Fund (NYSE:PHK – Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 85,700 shares, an increase of 107.5% from the February 13th total of 41,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 696,700 shares, the days-to-cover ratio is presently 0.1 days.
PIMCO High Income Fund Stock Down 0.1 %
Shares of NYSE:PHK opened at $4.87 on Friday. The firm’s 50 day simple moving average is $4.91 and its 200-day simple moving average is $4.96. PIMCO High Income Fund has a one year low of $4.59 and a one year high of $5.18.
PIMCO High Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.048 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 11.84%. The ex-dividend date is Thursday, March 13th.
Hedge Funds Weigh In On PIMCO High Income Fund
About PIMCO High Income Fund
PIMCO High Income Fund is a closed ended fixed income 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 the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.
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