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

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PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 98,800 shares, an increase of 21.2% from the August 31st total of 81,500 shares. Based on an average trading volume of 250,400 shares, the short-interest ratio is presently 0.4 days.

Shares of PDI stock traded up $0.09 on Friday, reaching $25.47. 325,086 shares of the company were exchanged, compared to its average volume of 363,679. The business has a 50-day moving average price of $24.60 and a 200 day moving average price of $24.07. PIMCO Dynamic Income Fund has a 1 year low of $16.65 and a 1 year high of $33.90.

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be paid a dividend of $0.221 per share. The ex-dividend date is Friday, October 9th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 10.41%.

Hedge funds have recently added to or reduced their stakes in the company. RMR Wealth Builders purchased a new stake in shares of PIMCO Dynamic Income Fund during the second quarter worth about $99,000. Belpointe Asset Management LLC purchased a new stake in shares of PIMCO Dynamic Income Fund in the 2nd quarter valued at approximately $151,000. Summit X LLC purchased a new stake in shares of PIMCO Dynamic Income Fund in the 1st quarter valued at approximately $204,000. Affinity Wealth Management LLC grew its stake in shares of PIMCO Dynamic Income Fund by 21.6% in the 1st quarter. Affinity Wealth Management LLC now owns 9,000 shares of the company’s stock valued at $208,000 after buying an additional 1,600 shares during the period. Finally, Regal Investment Advisors LLC purchased a new stake in shares of PIMCO Dynamic Income Fund in the 2nd quarter valued at approximately $256,000.

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.

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