PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 346.5% in June

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 835,910 shares, a growth of 346.5% from the May 31st total of 187,210 shares. Based on an average daily trading volume, of 2,998,769 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PDI. Allworth Financial LP boosted its stake in PIMCO Dynamic Income Fund by 11.0% in the 3rd quarter. Allworth Financial LP now owns 8,060 shares of the company’s stock valued at $160,000 after buying an additional 802 shares in the last quarter. IFP Advisors Inc boosted its position in PIMCO Dynamic Income Fund by 19.1% in the third quarter. IFP Advisors Inc now owns 18,806 shares of the company’s stock valued at $372,000 after buying an additional 3,011 shares in the last quarter. Focus Financial Network Inc. boosted its position in PIMCO Dynamic Income Fund by 3.8% in the fourth quarter. Focus Financial Network Inc. now owns 99,746 shares of the company’s stock valued at $1,788,000 after buying an additional 3,666 shares in the last quarter. First Heartland Consultants Inc. grew its stake in PIMCO Dynamic Income Fund by 7.4% during the fourth quarter. First Heartland Consultants Inc. now owns 39,663 shares of the company’s stock worth $702,000 after buying an additional 2,735 shares during the last quarter. Finally, Noble Wealth Management PBC grew its stake in PIMCO Dynamic Income Fund by 185.6% during the fourth quarter. Noble Wealth Management PBC now owns 533,327 shares of the company’s stock worth $9,445,000 after buying an additional 346,580 shares during the last quarter.

PIMCO Dynamic Income Fund Price Performance

Shares of NYSE:PDI traded up $0.10 during midday trading on Friday, reaching $16.57. 2,984,398 shares of the company’s stock were exchanged, compared to its average volume of 2,862,454. The company’s 50 day simple moving average is $16.90 and its two-hundred day simple moving average is $17.54. PIMCO Dynamic Income Fund has a 12 month low of $16.10 and a 12 month high of $20.17.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be given a $0.2205 dividend. This represents a c) annualized dividend and a yield of 16.0%. The ex-dividend date of this dividend is Thursday, June 11th.

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.