PIMCO Access Income Fund (NYSE:PAXS – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 252,100 shares, a growth of 149.4% from the June 30th total of 101,100 shares. Based on an average trading volume of 152,900 shares, the short-interest ratio is presently 1.6 days.
Hedge Funds Weigh In On PIMCO Access Income Fund
Institutional investors have recently modified their holdings of the stock. Creekmur Asset Management LLC bought a new position in PIMCO Access Income Fund in the fourth quarter worth approximately $27,000. LM Advisors LLC bought a new position in shares of PIMCO Access Income Fund during the 4th quarter worth $736,000. Belpointe Asset Management LLC purchased a new position in shares of PIMCO Access Income Fund during the fourth quarter valued at $147,000. Wells Fargo & Company MN raised its holdings in shares of PIMCO Access Income Fund by 39.5% in the fourth quarter. Wells Fargo & Company MN now owns 536,525 shares of the company’s stock valued at $7,672,000 after acquiring an additional 151,965 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its holdings in shares of PIMCO Access Income Fund by 58.7% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 56,737 shares of the company’s stock valued at $811,000 after acquiring an additional 20,977 shares in the last quarter.
PIMCO Access Income Fund Stock Performance
PIMCO Access Income Fund stock traded down $0.11 during mid-day trading on Friday, hitting $15.25. The company’s stock had a trading volume of 145,117 shares, compared to its average volume of 174,929. The company has a 50 day moving average of $15.71 and a 200-day moving average of $15.44. PIMCO Access Income Fund has a one year low of $12.57 and a one year high of $16.30.
PIMCO Access Income Fund Increases Dividend
About PIMCO Access Income Fund
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.
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