PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Sees Significant Drop in Short Interest

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 23,200 shares, a decline of 25.4% from the December 31st total of 31,100 shares. Based on an average daily volume of 36,600 shares, the short-interest ratio is presently 0.6 days.

PIMCO Global StocksPLUS & Income Fund Stock Down 0.3 %

Shares of NYSE:PGP opened at $7.95 on Friday. PIMCO Global StocksPLUS & Income Fund has a fifty-two week low of $7.08 and a fifty-two week high of $8.41. The firm has a 50-day simple moving average of $7.93 and a 200 day simple moving average of $7.94.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be given a dividend of $0.069 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.42%. The ex-dividend date is Monday, January 13th.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

Several hedge funds have recently made changes to their positions in PGP. MAS Advisors LLC boosted its stake in PIMCO Global StocksPLUS & Income Fund by 5.2% during the 4th quarter. MAS Advisors LLC now owns 29,767 shares of the company’s stock valued at $232,000 after purchasing an additional 1,472 shares during the period. Institute for Wealth Management LLC. raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 102.0% during the fourth quarter. Institute for Wealth Management LLC. now owns 25,239 shares of the company’s stock valued at $196,000 after buying an additional 12,743 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of PIMCO Global StocksPLUS & Income Fund by 739.1% during the third quarter. International Assets Investment Management LLC now owns 6,293 shares of the company’s stock worth $53,000 after buying an additional 5,543 shares during the period. Finally, Truist Financial Corp bought a new position in PIMCO Global StocksPLUS & Income Fund in the 2nd quarter worth approximately $252,000.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global Stocksplus & Income Fund is a closed ended balanced 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 fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.