PIMCO Access Income Fund (NYSE:PAXS) Short Interest Update

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 81,605 shares, an increase of 118.2% from the June 30th total of 37,404 shares. Based on an average daily trading volume, of 144,484 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its position in shares of PIMCO Access Income Fund by 1.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 42,273 shares of the company’s stock valued at $647,000 after acquiring an additional 643 shares in the last quarter. Comerica Bank raised its stake in PIMCO Access Income Fund by 2.8% during the 4th quarter. Comerica Bank now owns 28,637 shares of the company’s stock valued at $438,000 after purchasing an additional 779 shares during the period. Cetera Investment Advisers raised its stake in PIMCO Access Income Fund by 6.9% during the 4th quarter. Cetera Investment Advisers now owns 25,849 shares of the company’s stock valued at $395,000 after purchasing an additional 1,678 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of PIMCO Access Income Fund in the fourth quarter valued at $34,000. Finally, First Trust Advisors LP boosted its position in shares of PIMCO Access Income Fund by 21.3% in the second quarter. First Trust Advisors LP now owns 15,737 shares of the company’s stock worth $238,000 after buying an additional 2,760 shares during the period.

PIMCO Access Income Fund Stock Up 0.7%

Shares of PAXS stock traded up $0.09 during mid-day trading on Tuesday, hitting $14.05. 179,204 shares of the stock traded hands, compared to its average volume of 208,994. PIMCO Access Income Fund has a twelve month low of $13.74 and a twelve month high of $16.56. The company’s 50-day simple moving average is $14.30 and its 200-day simple moving average is $14.79.

PIMCO Access Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be issued a dividend of $0.1494 per share. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend is Monday, July 13th.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.