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

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 37,404 shares, a decrease of 54.2% from the July 15th total of 81,605 shares. Based on an average daily volume of 181,737 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in PIMCO Access Income Fund in the 4th quarter worth approximately $34,000. GHP Investment Advisors Inc. bought a new stake in PIMCO Access Income Fund during the first quarter worth approximately $41,000. Advisory Services Network LLC acquired a new position in PIMCO Access Income Fund during the third quarter valued at approximately $61,000. Activest Wealth Management acquired a new position in PIMCO Access Income Fund during the fourth quarter valued at approximately $115,000. Finally, Focus Financial Network Inc. bought a new position in shares of PIMCO Access Income Fund in the second quarter valued at approximately $154,000.

PIMCO Access Income Fund Trading Down 0.9%

PIMCO Access Income Fund stock traded down $0.12 during mid-day trading on Friday, hitting $14.27. 180,952 shares of the company’s stock were exchanged, compared to its average volume of 207,449. PIMCO Access Income Fund has a 1-year low of $13.74 and a 1-year high of $16.56. The stock has a 50 day moving average of $14.31 and a two-hundred day moving average of $14.64.

PIMCO Access Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a $0.1494 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%.

PIMCO Access Income Fund Company Profile

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.