Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Decreases By 58.0%

PIMCO Access Income Fund (NYSE:PAXS) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 19,800 shares, a decrease of 58.0% from the February 28th total of 47,100 shares. Based on an average trading volume of 257,500 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO Access Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Consolidated Portfolio Review Corp raised its position 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 worth $1,186,000 after purchasing an additional 881 shares during the period. Smith Moore & CO. increased its stake in PIMCO Access Income Fund by 1.3% during the 4th quarter. Smith Moore & CO. now owns 99,996 shares of the company’s stock worth $1,525,000 after purchasing an additional 1,270 shares in the last quarter. Element Wealth LLC increased its stake in PIMCO Access Income Fund by 0.6% during the 4th quarter. Element Wealth LLC now owns 228,241 shares of the company’s stock worth $3,481,000 after purchasing an additional 1,367 shares in the last quarter. First Trust Advisors LP raised its holdings in PIMCO Access Income Fund by 13.4% during the 4th quarter. First Trust Advisors LP now owns 12,627 shares of the company’s stock worth $193,000 after buying an additional 1,491 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in PIMCO Access Income Fund by 7.3% in 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 in the last quarter.

PIMCO Access Income Fund Stock Performance

Shares of NYSE:PAXS traded down $0.14 during mid-day trading on Friday, reaching $16.01. The stock had a trading volume of 169,754 shares, compared to its average volume of 198,843. The firm has a 50 day simple moving average of $16.05 and a two-hundred day simple moving average of $16.12. PIMCO Access Income Fund has a twelve month low of $14.55 and a twelve month high of $17.24.

PIMCO Access Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.1494 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.20%.

About PIMCO Access Income Fund

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.