PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Down 33.2% in February

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 13,100 shares, a decline of 33.2% from the February 13th total of 19,600 shares. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

Several institutional investors have recently added to or reduced their stakes in PGP. Citadel Advisors LLC purchased a new position in shares of PIMCO Global StocksPLUS & Income Fund in the 4th quarter worth about $99,000. Envestnet Asset Management Inc. raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 80.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 127,315 shares of the company’s stock worth $991,000 after purchasing an additional 56,802 shares during the period. Guggenheim Capital LLC raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 63.8% in the 4th quarter. Guggenheim Capital LLC now owns 221,545 shares of the company’s stock worth $1,724,000 after purchasing an additional 86,320 shares during the period. LPL Financial LLC raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 18.5% in the 4th quarter. LPL Financial LLC now owns 154,372 shares of the company’s stock worth $1,201,000 after purchasing an additional 24,137 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 79.8% in the 4th quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock worth $1,017,000 after purchasing an additional 58,002 shares during the period.

PIMCO Global StocksPLUS & Income Fund Stock Performance

Shares of NYSE PGP traded down $0.01 during trading on Monday, reaching $7.95. The company had a trading volume of 35,464 shares, compared to its average volume of 41,665. The stock has a 50-day moving average price of $7.95 and a two-hundred day moving average price of $8.02. PIMCO Global StocksPLUS & Income Fund has a twelve month low of $7.08 and a twelve month high of $8.41.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.069 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.83 annualized dividend and a yield of 10.42%.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global Stocksplus & Income Fund is a closed ended balanced 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 fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.