Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Expands By 297.2%

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 584,753 shares, an increase of 297.2% from the November 30th total of 147,214 shares. Based on an average daily volume of 2,738,423 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 2,738,423 shares, the short-interest ratio is presently 0.2 days.

PIMCO Dynamic Income Fund Trading Up 0.0%

Shares of PIMCO Dynamic Income Fund stock traded up $0.01 during trading on Friday, hitting $17.73. 2,243,264 shares of the company’s stock traded hands, compared to its average volume of 2,462,912. PIMCO Dynamic Income Fund has a 1 year low of $16.00 and a 1 year high of $20.17. The business has a 50-day simple moving average of $18.02 and a 200-day simple moving average of $18.88.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be paid a $0.2205 dividend. The ex-dividend date is Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning lifted its position in shares of PIMCO Dynamic Income Fund by 5.5% during the 3rd quarter. Creative Planning now owns 31,513 shares of the company’s stock valued at $624,000 after buying an additional 1,634 shares in the last quarter. Integrity Wealth Advisors Inc. bought a new stake in PIMCO Dynamic Income Fund during the 3rd quarter worth approximately $221,000. Raymond James Financial Inc. lifted its holdings in PIMCO Dynamic Income Fund by 13.6% during the third quarter. Raymond James Financial Inc. now owns 1,341,141 shares of the company’s stock valued at $26,555,000 after purchasing an additional 160,055 shares in the last quarter. Equitable Holdings Inc. boosted its position in shares of PIMCO Dynamic Income Fund by 18.3% in the third quarter. Equitable Holdings Inc. now owns 159,460 shares of the company’s stock worth $3,157,000 after purchasing an additional 24,627 shares during the period. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of PIMCO Dynamic Income Fund in the third quarter worth $681,000.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.