PIMCO High Income Fund (NYSE:PHK – Get 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
PIMCO High Income Fund Company Profile
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.
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