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

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

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several institutional investors have recently made changes to their positions in the company. Comerica Bank lifted its stake in PIMCO Dynamic Income Fund by 6.7% in the first quarter. Comerica Bank now owns 63,074 shares of the company’s stock valued at $1,217,000 after acquiring an additional 3,937 shares during the last quarter. Cetera Investment Advisers boosted its holdings in PIMCO Dynamic Income Fund by 291.5% in the first quarter. Cetera Investment Advisers now owns 493,315 shares of the company’s stock worth $9,516,000 after purchasing an additional 367,322 shares in the last quarter. Cetera Advisors LLC increased its position in PIMCO Dynamic Income Fund by 20.0% during the first quarter. Cetera Advisors LLC now owns 230,210 shares of the company’s stock worth $4,441,000 after buying an additional 38,410 shares during the last quarter. Sage Capital Advisors llc raised its holdings in PIMCO Dynamic Income Fund by 4.6% during the second quarter. Sage Capital Advisors llc now owns 26,491 shares of the company’s stock valued at $498,000 after buying an additional 1,162 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in PIMCO Dynamic Income Fund during the second quarter valued at about $243,000.

PIMCO Dynamic Income Fund Trading Up 0.2 %

PDI stock opened at $19.16 on Friday. The company has a 50 day moving average of $19.75 and a two-hundred day moving average of $19.31. PIMCO Dynamic Income Fund has a 12-month low of $17.16 and a 12-month high of $20.90.

PIMCO Dynamic Income Fund Dividend Announcement

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

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.