PIMCO High Income Fund (NYSE:PHK) Short Interest Up 107.5% in February

PIMCO High Income Fund (NYSE:PHK) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 85,700 shares, an increase of 107.5% from the February 13th total of 41,300 shares. Based on an average trading volume of 696,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new stake in PIMCO High Income Fund in the 4th quarter valued at about $36,000. Carnegie Lake Advisors LLC bought a new stake in PIMCO High Income Fund in the 4th quarter valued at about $50,000. CreativeOne Wealth LLC bought a new stake in PIMCO High Income Fund in the 4th quarter valued at about $53,000. Anfield Capital Management LLC bought a new stake in PIMCO High Income Fund in the 4th quarter valued at about $55,000. Finally, XTX Topco Ltd bought a new stake in PIMCO High Income Fund in the 3rd quarter valued at about $56,000. 11.75% of the stock is owned by institutional investors.

PIMCO High Income Fund Stock Performance

Shares of PHK stock traded down $0.01 during mid-day trading on Friday, hitting $4.87. The company’s stock had a trading volume of 569,557 shares, compared to its average volume of 579,361. The company’s fifty day simple moving average is $4.91 and its 200-day simple moving average is $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 disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.84%. The ex-dividend date of this dividend is Thursday, March 13th.

About PIMCO High Income Fund

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.