PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 30.9% in February

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 47,100 shares, a decline of 30.9% from the February 13th total of 68,200 shares. Based on an average trading volume of 270,900 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of PIMCO Access Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Consolidated Portfolio Review Corp raised its stake in shares of PIMCO Access Income Fund by 1.1% during the fourth quarter. Consolidated Portfolio Review Corp now owns 77,752 shares of the company’s stock valued at $1,186,000 after acquiring an additional 881 shares in the last quarter. Smith Moore & CO. raised its stake in shares of PIMCO Access Income Fund by 1.3% during the fourth quarter. Smith Moore & CO. now owns 99,996 shares of the company’s stock valued at $1,525,000 after acquiring an additional 1,270 shares in the last quarter. Element Wealth LLC increased its holdings in PIMCO Access Income Fund by 0.6% during the fourth quarter. Element Wealth LLC now owns 228,241 shares of the company’s stock valued at $3,481,000 after buying an additional 1,367 shares during the period. First Trust Advisors LP increased its holdings in PIMCO Access Income Fund by 13.4% during the fourth quarter. First Trust Advisors LP now owns 12,627 shares of the company’s stock valued at $193,000 after buying an additional 1,491 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in PIMCO Access Income Fund by 7.3% during the fourth quarter. Wedbush Securities Inc. now owns 44,121 shares of the company’s stock valued at $673,000 after buying an additional 2,999 shares during the period.

PIMCO Access Income Fund Stock Up 0.8 %

PIMCO Access Income Fund stock opened at $15.89 on Tuesday. The company has a 50 day moving average price of $15.96 and a 200-day moving average price of $16.12. PIMCO Access Income Fund has a fifty-two week low of $14.55 and a fifty-two week high of $17.24.

PIMCO Access Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.1494 per share. This represents a $1.79 annualized dividend and a dividend yield of 11.29%. The ex-dividend date is Thursday, March 13th.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.