PIMCO High Income Fund (NYSE:PHK) Short Interest Update

PIMCO High Income Fund (NYSE:PHK) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 664,076 shares, a growth of 25.4% from the February 26th total of 529,403 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,064,681 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On PIMCO High Income Fund

A number of hedge funds have recently modified their holdings of PHK. Alpha Cubed Investments LLC increased its holdings in shares of PIMCO High Income Fund by 10.5% during the third quarter. Alpha Cubed Investments LLC now owns 22,194 shares of the investment management company’s stock worth $111,000 after buying an additional 2,115 shares in the last quarter. TrueMark Investments LLC boosted its holdings in shares of PIMCO High Income Fund by 3.7% in the 4th quarter. TrueMark Investments LLC now owns 79,784 shares of the investment management company’s stock worth $388,000 after acquiring an additional 2,862 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in PIMCO High Income Fund by 5.6% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 56,430 shares of the investment management company’s stock worth $282,000 after acquiring an additional 3,000 shares during the last quarter. Integrity Advisory Solutions LLC grew its position in PIMCO High Income Fund by 28.2% during the 4th quarter. Integrity Advisory Solutions LLC now owns 16,832 shares of the investment management company’s stock worth $82,000 after acquiring an additional 3,707 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in PIMCO High Income Fund by 19.5% during the 4th quarter. Moors & Cabot Inc. now owns 24,500 shares of the investment management company’s stock valued at $119,000 after purchasing an additional 4,000 shares in the last quarter. 11.75% of the stock is owned by institutional investors and hedge funds.

PIMCO High Income Fund Stock Performance

NYSE PHK traded up $0.01 on Monday, reaching $4.46. The company’s stock had a trading volume of 911,098 shares, compared to its average volume of 805,889. The business has a 50-day moving average price of $4.84 and a 200 day moving average price of $4.86. PIMCO High Income Fund has a 52 week low of $4.18 and a 52 week high of $5.04.

PIMCO High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a $0.048 dividend. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Thursday, March 12th.

PIMCO High Income Fund Company Profile

The PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK’s investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.