PIMCO Access Income Fund (NYSE:PAXS) Sees Significant Growth in Short Interest

PIMCO Access Income Fund (NYSE:PAXS) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 68,200 shares, an increase of 175.0% from the January 31st total of 24,800 shares. Based on an average daily trading volume, of 265,800 shares, the short-interest ratio is currently 0.3 days.

PIMCO Access Income Fund Trading Up 0.5 %

PIMCO Access Income Fund stock traded up $0.08 during trading on Friday, hitting $16.20. 215,132 shares of the company were exchanged, compared to its average volume of 203,550. The business’s 50 day moving average is $15.86 and its 200 day moving average is $16.08. PIMCO Access Income Fund has a 52 week low of $14.55 and a 52 week high of $17.24.

PIMCO Access Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a $0.1494 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.79 annualized dividend and a dividend yield of 11.07%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. World Investment Advisors LLC bought a new stake in PIMCO Access Income Fund in the 3rd quarter worth about $22,595,000. SOL Capital Management CO boosted its stake in shares of PIMCO Access Income Fund by 24.0% in the 4th quarter. SOL Capital Management CO now owns 1,314,494 shares of the company’s stock worth $20,046,000 after buying an additional 254,614 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of PIMCO Access Income Fund by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,154,608 shares of the company’s stock valued at $17,608,000 after acquiring an additional 234,128 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. increased its position in shares of PIMCO Access Income Fund by 17.3% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 358,285 shares of the company’s stock valued at $5,464,000 after acquiring an additional 52,755 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in PIMCO Access Income Fund by 2.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 296,340 shares of the company’s stock worth $4,519,000 after acquiring an additional 7,850 shares during the period.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.