PIMCO High Income Fund (NYSE:PHK) Short Interest Update

PIMCO High Income Fund (NYSE:PHK) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 67,400 shares, a decrease of 67.1% from the October 15th total of 204,800 shares. Based on an average daily trading volume, of 576,800 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of PIMCO High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Advisory Inc. purchased a new stake in shares of PIMCO High Income Fund in the first quarter worth approximately $50,000. E&G Advisors LP purchased a new stake in shares of PIMCO High Income Fund in the third quarter worth approximately $54,000. Brookstone Capital Management purchased a new stake in shares of PIMCO High Income Fund in the second quarter worth approximately $53,000. Fortitude Family Office LLC purchased a new stake in shares of PIMCO High Income Fund in the third quarter worth approximately $59,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of PIMCO High Income Fund in the third quarter worth approximately $65,000. 11.75% of the stock is owned by hedge funds and other institutional investors.

PIMCO High Income Fund Price Performance

Shares of PIMCO High Income Fund stock remained flat at $5.02 on Wednesday. The stock had a trading volume of 356,518 shares, compared to its average volume of 520,382. PIMCO High Income Fund has a 12-month low of $4.42 and a 12-month high of $5.18. The stock’s 50-day simple moving average is $5.02 and its 200 day simple moving average is $4.88.

PIMCO High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.47%. The ex-dividend date is Tuesday, November 12th.

About PIMCO High Income Fund

PIMCO High Income Fund is a closed ended fixed income 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 the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.