PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Update

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,290,000 shares, an increase of 21.7% from the February 13th total of 1,060,000 shares. Based on an average trading volume of 2,192,700 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of PIMCO Dynamic Income Fund

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in PIMCO Dynamic Income Fund by 61.1% during the fourth quarter. Blue Trust Inc. now owns 1,584 shares of the company’s stock valued at $32,000 after purchasing an additional 601 shares during the period. ST Germain D J Co. Inc. purchased a new stake in PIMCO Dynamic Income Fund during the 4th quarter valued at $37,000. Sunbelt Securities Inc. boosted its stake in PIMCO Dynamic Income Fund by 50.0% during the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock worth $49,000 after buying an additional 800 shares during the period. Anfield Capital Management LLC purchased a new position in shares of PIMCO Dynamic Income Fund during the 4th quarter worth about $56,000. Finally, Huntington National Bank grew its stake in shares of PIMCO Dynamic Income Fund by 93.4% during the third quarter. Huntington National Bank now owns 5,280 shares of the company’s stock valued at $107,000 after buying an additional 2,550 shares during the last quarter.

PIMCO Dynamic Income Fund Price Performance

PDI stock opened at $19.82 on Thursday. The firm has a fifty day moving average price of $19.47 and a 200 day moving average price of $19.43. PIMCO Dynamic Income Fund has a fifty-two week low of $18.17 and a fifty-two week high of $20.90.

PIMCO Dynamic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.2205 dividend. The ex-dividend date is Thursday, March 13th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 13.35%.

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.