PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Update

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 22,100 shares, a growth of 68.7% from the February 28th total of 13,100 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is presently 0.6 days.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.5 %

NYSE PGP traded up $0.04 during trading on Friday, reaching $8.09. 33,987 shares of the company traded hands, compared to its average volume of 41,289. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $7.08 and a 1-year high of $8.41. The stock’s 50 day moving average price is $8.00 and its two-hundred day moving average price is $8.02.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.069 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.83 dividend on an annualized basis and a yield of 10.23%.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC raised its holdings in PIMCO Global StocksPLUS & Income Fund by 63.8% during the 4th quarter. Guggenheim Capital LLC now owns 221,545 shares of the company’s stock worth $1,724,000 after purchasing an additional 86,320 shares during the last quarter. Truist Financial Corp raised its position in shares of PIMCO Global StocksPLUS & Income Fund by 79.8% during the 4th quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock valued at $1,017,000 after acquiring an additional 58,002 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 80.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 127,315 shares of the company’s stock valued at $991,000 after purchasing an additional 56,802 shares during the period. LPL Financial LLC grew its stake in shares of PIMCO Global StocksPLUS & Income Fund by 18.5% during the fourth quarter. LPL Financial LLC now owns 154,372 shares of the company’s stock worth $1,201,000 after purchasing an additional 24,137 shares during the period. Finally, Institute for Wealth Management LLC. increased its holdings in PIMCO Global StocksPLUS & Income Fund by 102.0% in the fourth quarter. Institute for Wealth Management LLC. now owns 25,239 shares of the company’s stock valued at $196,000 after purchasing an additional 12,743 shares during the last quarter.

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.