Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Decreases By 63.7%

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 497,000 shares, a decline of 63.7% from the October 15th total of 1,370,000 shares. Based on an average trading volume of 1,940,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of PIMCO Dynamic Income Fund

Hedge funds have recently made changes to their positions in the company. Paladin Wealth LLC purchased a new stake in shares of PIMCO Dynamic Income Fund during the 3rd quarter worth approximately $29,000. Luken Investment Analytics LLC purchased a new position in PIMCO Dynamic Income Fund in the 2nd quarter valued at about $31,000. Strategic Financial Concepts LLC increased its stake in PIMCO Dynamic Income Fund by 1,903.8% in the second quarter. Strategic Financial Concepts LLC now owns 209,398 shares of the company’s stock valued at $39,000 after purchasing an additional 198,948 shares during the last quarter. Baldwin Brothers LLC MA increased its holdings in shares of PIMCO Dynamic Income Fund by 50.0% during the 2nd quarter. Baldwin Brothers LLC MA now owns 3,000 shares of the company’s stock worth $56,000 after buying an additional 1,000 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in PIMCO Dynamic Income Fund during the second quarter worth approximately $56,000.

PIMCO Dynamic Income Fund Stock Down 1.0 %

PIMCO Dynamic Income Fund stock traded down $0.19 during trading hours on Friday, hitting $18.88. 3,367,652 shares of the stock traded hands, compared to its average volume of 1,606,893. PIMCO Dynamic Income Fund has a 1 year low of $17.15 and a 1 year high of $20.90. The firm’s 50 day moving average price is $19.82 and its 200-day moving average price is $19.32.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.2205 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 14.01%. The ex-dividend date of this dividend is Tuesday, November 12th.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.