PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 66.7% in March

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,150,000 shares, an increase of 66.7% from the February 28th total of 1,290,000 shares. Based on an average trading volume of 2,272,100 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of PIMCO Dynamic Income Fund by 64.9% during the fourth quarter. Blue Trust Inc. now owns 1,621 shares of the company’s stock worth $30,000 after acquiring an additional 638 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at approximately $37,000. Sunbelt Securities Inc. increased its stake in shares of PIMCO Dynamic Income Fund by 50.0% in the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock valued at $49,000 after purchasing an additional 800 shares during the period. Anfield Capital Management LLC acquired a new position in shares of PIMCO Dynamic Income Fund during the fourth quarter worth approximately $56,000. Finally, Golden State Wealth Management LLC bought a new position in PIMCO Dynamic Income Fund in the 4th quarter worth approximately $101,000.

PIMCO Dynamic Income Fund Stock Performance

PDI stock traded up $0.01 during midday trading on Friday, reaching $19.73. The company had a trading volume of 1,206,596 shares, compared to its average volume of 1,824,907. The stock has a 50 day moving average price of $19.60 and a 200 day moving average price of $19.45. PIMCO Dynamic Income Fund has a fifty-two week low of $18.17 and a fifty-two week high of $20.90.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.2205 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $2.65 dividend on an annualized basis and a yield of 13.41%.

PIMCO Dynamic Income Fund Company Profile

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.