PIMCO High Income Fund (NYSE:PHK) Short Interest Update

PIMCO High Income Fund (NYSE:PHKGet Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 146,300 shares, an increase of 70.7% from the February 28th total of 85,700 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 692,100 shares, the short-interest ratio is presently 0.2 days.

PIMCO High Income Fund Stock Performance

Shares of NYSE:PHK opened at $4.87 on Monday. The firm has a 50 day simple moving average of $4.91 and a 200 day simple moving average of $4.96. PIMCO High Income Fund has a 52 week low of $4.59 and a 52 week high of $5.18.

PIMCO High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.048 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 11.83%.

Institutional Trading of PIMCO High Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Sugar Maple Asset Management LLC purchased a new stake in PIMCO High Income Fund in the 4th quarter worth about $36,000. Carnegie Lake Advisors LLC purchased a new stake in shares of PIMCO High Income Fund in the fourth quarter worth approximately $50,000. CreativeOne Wealth LLC acquired a new stake in shares of PIMCO High Income Fund during the fourth quarter worth approximately $53,000. Anfield Capital Management LLC purchased a new position in PIMCO High Income Fund during the fourth quarter valued at approximately $55,000. Finally, XTX Topco Ltd acquired a new position in PIMCO High Income Fund in the 3rd quarter valued at approximately $56,000. Institutional investors and hedge funds own 11.75% of the company’s stock.

PIMCO High Income Fund Company Profile

(Get Free Report)

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.

Further Reading

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