PIMCO Dynamic Income Fund (NYSE:PDI) Sees Significant Growth in Short Interest

PIMCO Dynamic Income Fund (NYSE:PDI) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,290,000 shares, a growth of 21.7% from the February 13th total of 1,060,000 shares. Based on an average trading volume of 2,192,700 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of hedge funds have recently bought and sold shares of PDI. Buska Wealth Management LLC lifted its stake in shares of PIMCO Dynamic Income Fund by 59.8% in the fourth quarter. Buska Wealth Management LLC now owns 16,804 shares of the company’s stock valued at $308,000 after buying an additional 6,290 shares in the last quarter. GHE LLC purchased a new stake in shares of PIMCO Dynamic Income Fund in the fourth quarter worth approximately $193,000. LifeWealth Investments LLC bought a new position in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at approximately $3,048,000. Ameriflex Group Inc. bought a new position in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at approximately $526,000. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of PIMCO Dynamic Income Fund during the fourth quarter valued at approximately $187,000.

PIMCO Dynamic Income Fund Price Performance

Shares of PIMCO Dynamic Income Fund stock traded up $0.13 during midday trading on Wednesday, reaching $19.74. The company had a trading volume of 1,007,698 shares, compared to its average volume of 1,800,682. The stock has a fifty day moving average price of $19.45 and a 200 day moving average price of $19.42. PIMCO Dynamic Income Fund has a fifty-two week low of $18.17 and a fifty-two week high of $20.90.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a $0.2205 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 13.41%. The ex-dividend date is Thursday, March 13th.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.