PIMCO High Income Fund (NYSE:PHK) Stock Short Interest Report for October

PIMCO High Income Fund (NYSE:PHK) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 324,145 shares, an increase of 281.0% from the September 30th total of 85,073 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,553,089 shares, the short-interest ratio is presently 0.2 days.

PIMCO High Income Fund Stock Down 0.8%

NYSE PHK traded down $0.04 on Friday, hitting $4.09. 134,575 shares of the company were exchanged, compared to its average volume of 896,377. The stock has a fifty day moving average of $4.26 and a 200-day moving average of $4.59. PIMCO High Income Fund has a 12 month low of $4.01 and a 12 month high of $5.00.

PIMCO High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a $0.0480 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 14.1%. The ex-dividend date is Tuesday, October 13th.

Insider Buying and Selling

In related news, Director David C. Flattum bought 60,204 shares of the stock in a transaction that occurred on Tuesday, October 6th. The stock was acquired at an average cost of $4.14 per share, with a total value of $249,244.56. Following the transaction, the director directly owned 60,204 shares in the company, valued at approximately $249,244.56. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Highland Investment Advisors LLC purchased a new position in PIMCO High Income Fund during the second quarter worth about $47,000. Concurrent Investment Advisors LLC purchased a new position in shares of PIMCO High Income Fund in the 2nd quarter worth approximately $50,000. Wedbush Securities Inc. bought a new position in shares of PIMCO High Income Fund in the second quarter valued at approximately $209,000. Bank of New York Mellon Corp bought a new stake in PIMCO High Income Fund in the second quarter worth about $48,000. Finally, Western Wealth Management LLC bought a new stake in shares of PIMCO High Income Fund in the first quarter valued at $501,000. Hedge funds and other institutional investors own 11.75% of the company’s stock.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund (NYSE: PHK) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PHK invests primarily in income-producing securities, including high-yield corporate bonds and other debt instruments. Its portfolio may include securities issued by companies and governments in the United States and other countries, giving the fund exposure to a range of credit markets and geographic regions.

PIMCO, a global investment management firm, oversees the fund’s portfolio management and investment strategy.