PIMCO Access Income Fund (NYSE:PAXS) Sees Large Decrease in Short Interest

PIMCO Access Income Fund (NYSE:PAXS) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 20,000 shares, a decrease of 85.9% from the November 30th total of 141,800 shares. Based on an average daily trading volume, of 206,400 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On PIMCO Access Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new position in PIMCO Access Income Fund during the third quarter worth about $67,000. Chicago Partners Investment Group LLC increased its position in shares of PIMCO Access Income Fund by 20.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 31,076 shares of the company’s stock valued at $506,000 after buying an additional 5,264 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of PIMCO Access Income Fund during the third quarter worth about $181,000. Private Advisor Group LLC bought a new stake in PIMCO Access Income Fund during the 3rd quarter worth approximately $252,000. Finally, Rockefeller Capital Management L.P. lifted its stake in PIMCO Access Income Fund by 46.5% in the third quarter. Rockefeller Capital Management L.P. now owns 47,880 shares of the company’s stock valued at $796,000 after buying an additional 15,201 shares in the last quarter.

PIMCO Access Income Fund Price Performance

PIMCO Access Income Fund stock traded down $0.23 during trading hours on Friday, hitting $15.40. 558,354 shares of the stock were exchanged, compared to its average volume of 185,897. PIMCO Access Income Fund has a 12 month low of $14.22 and a 12 month high of $17.24. The business’s 50-day moving average is $16.11 and its two-hundred day moving average is $15.98.

PIMCO Access Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be given a dividend of $0.1494 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.79 annualized dividend and a yield of 11.64%.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.