PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Down 16.3% in November

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 416,100 shares, a decline of 16.3% from the October 31st total of 497,000 shares. Based on an average daily volume of 2,026,500 shares, the short-interest ratio is presently 0.2 days.

PIMCO Dynamic Income Fund Stock Up 0.2 %

Shares of NYSE PDI opened at $19.16 on Monday. The stock has a fifty day moving average price of $19.75 and a 200 day moving average price of $19.31. PIMCO Dynamic Income Fund has a 1-year low of $17.16 and a 1-year high of $20.90.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.2205 dividend. This represents a $2.65 annualized dividend and a dividend yield of 13.81%. The ex-dividend date of this dividend is Tuesday, November 12th.

Institutional Trading of PIMCO Dynamic Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in PDI. Paladin Wealth LLC purchased a new position in PIMCO Dynamic Income Fund during the third quarter worth about $29,000. Luken Investment Analytics LLC acquired a new position in PIMCO Dynamic Income Fund during the 2nd quarter worth approximately $31,000. Sunbelt Securities Inc. raised its stake in shares of PIMCO Dynamic Income Fund by 50.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock worth $49,000 after buying an additional 800 shares in the last quarter. Baldwin Brothers LLC MA lifted its holdings in shares of PIMCO Dynamic Income Fund by 50.0% in the 2nd quarter. Baldwin Brothers LLC MA now owns 3,000 shares of the company’s stock valued at $56,000 after buying an additional 1,000 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in shares of PIMCO Dynamic Income Fund in the second quarter valued at approximately $56,000.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.