PIMCO Dynamic Income Fund (NYSE:PDI) Sees Large Growth in Short Interest

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,290,000 shares, an increase of 21.7% from the February 13th total of 1,060,000 shares. Based on an average daily trading volume, of 2,192,700 shares, the short-interest ratio is currently 0.6 days.

PIMCO Dynamic Income Fund Trading Up 1.1 %

PDI opened at $19.82 on Thursday. PIMCO Dynamic Income Fund has a 1-year low of $18.17 and a 1-year high of $20.90. The firm’s 50 day simple moving average is $19.47 and its two-hundred day simple moving average is $19.43.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.2205 per share. This represents a $2.65 annualized dividend and a yield of 13.35%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. TPG Advisors LLC increased its stake in shares of PIMCO Dynamic Income Fund by 4.9% in the fourth quarter. TPG Advisors LLC now owns 11,474 shares of the company’s stock worth $210,000 after purchasing an additional 535 shares in the last quarter. Blue Trust Inc. raised its holdings in PIMCO Dynamic Income Fund by 61.1% during the fourth quarter. Blue Trust Inc. now owns 1,584 shares of the company’s stock valued at $32,000 after acquiring an additional 601 shares during the period. Capital CS Group LLC boosted its stake in shares of PIMCO Dynamic Income Fund by 4.0% in the fourth quarter. Capital CS Group LLC now owns 18,734 shares of the company’s stock worth $344,000 after acquiring an additional 716 shares during the period. Certified Advisory Corp grew its position in shares of PIMCO Dynamic Income Fund by 2.5% during the third quarter. Certified Advisory Corp now owns 30,404 shares of the company’s stock worth $616,000 after purchasing an additional 743 shares in the last quarter. Finally, Lido Advisors LLC lifted its holdings in PIMCO Dynamic Income Fund by 1.8% in the 4th quarter. Lido Advisors LLC now owns 43,702 shares of the company’s stock worth $811,000 after purchasing an additional 762 shares in the last quarter.

About PIMCO Dynamic Income Fund

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.