PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Sees Large Growth in Short Interest

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 24,500 shares, a growth of 21.3% from the October 31st total of 20,200 shares. Based on an average daily volume of 35,000 shares, the days-to-cover ratio is currently 0.7 days.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.2 %

Shares of PIMCO Global StocksPLUS & Income Fund stock traded up $0.02 on Monday, reaching $8.15. 38,820 shares of the company were exchanged, compared to its average volume of 42,409. The company’s 50-day moving average is $8.13 and its two-hundred day moving average is $7.85. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $6.90 and a 1-year high of $8.40.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date is Tuesday, November 12th.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

An institutional investor recently raised its position in PIMCO Global StocksPLUS & Income Fund stock. International Assets Investment Management LLC raised its position in shares of PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) by 739.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,293 shares of the company’s stock after purchasing an additional 5,543 shares during the quarter. International Assets Investment Management LLC’s holdings in PIMCO Global StocksPLUS & Income Fund were worth $53,000 as of its most recent SEC filing.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.