PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 30.9% in February

PIMCO Access Income Fund (NYSE:PAXS) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 47,100 shares, a decline of 30.9% from the February 13th total of 68,200 shares. Based on an average daily trading volume, of 270,900 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SouthState Corp purchased a new position in PIMCO Access Income Fund in the fourth quarter worth $143,000. IFP Advisors Inc raised its stake in shares of PIMCO Access Income Fund by 549.2% in the fourth quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock valued at $61,000 after buying an additional 3,383 shares during the period. Noble Wealth Management PBC bought a new stake in shares of PIMCO Access Income Fund in the fourth quarter valued at $114,000. Anfield Capital Management LLC bought a new stake in shares of PIMCO Access Income Fund in the fourth quarter valued at $56,000. Finally, Element Wealth LLC raised its stake in shares of PIMCO Access Income Fund by 0.6% in the fourth quarter. Element Wealth LLC now owns 228,241 shares of the company’s stock valued at $3,481,000 after buying an additional 1,367 shares during the period.

PIMCO Access Income Fund Stock Up 0.3 %

Shares of NYSE:PAXS opened at $15.73 on Friday. PIMCO Access Income Fund has a 12-month low of $14.55 and a 12-month high of $17.24. The business’s 50 day moving average is $15.96 and its 200 day moving average is $16.12.

PIMCO Access Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.1494 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.79 annualized dividend and a yield of 11.40%.

About PIMCO Access Income Fund

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.