PIMCO High Income Fund (NYSE:PHK – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 204,800 shares, a growth of 170.9% from the September 30th total of 75,600 shares. Based on an average daily trading volume, of 568,700 shares, the days-to-cover ratio is presently 0.4 days.
PIMCO High Income Fund Stock Performance
Shares of NYSE:PHK opened at $5.07 on Friday. The firm’s 50 day simple moving average is $4.97 and its 200 day simple moving average is $4.86. PIMCO High Income Fund has a fifty-two week low of $4.15 and a fifty-two week high of $5.18.
PIMCO High Income Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a $0.048 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.58 annualized dividend and a yield of 11.37%.
Hedge Funds Weigh In On PIMCO High Income Fund
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.
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