PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Update

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,150,000 shares, an increase of 66.7% from the February 28th total of 1,290,000 shares. Based on an average daily trading volume, of 2,272,100 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of PIMCO Dynamic Income Fund

Several institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of PIMCO Dynamic Income Fund by 64.9% during the 4th quarter. Blue Trust Inc. now owns 1,621 shares of the company’s stock worth $30,000 after purchasing an additional 638 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in PIMCO Dynamic Income Fund in the 4th quarter valued at approximately $37,000. Sunbelt Securities Inc. lifted its stake in PIMCO Dynamic Income Fund by 50.0% during the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock worth $49,000 after purchasing an additional 800 shares in the last quarter. Anfield Capital Management LLC purchased a new position in shares of PIMCO Dynamic Income Fund during the fourth quarter worth $56,000. Finally, Golden State Wealth Management LLC acquired a new position in PIMCO Dynamic Income Fund in the 4th quarter valued at about $101,000.

PIMCO Dynamic Income Fund Stock Performance

Shares of NYSE PDI traded up $0.01 during midday trading on Friday, hitting $19.73. The stock had a trading volume of 1,206,596 shares, compared to its average volume of 1,824,907. PIMCO Dynamic Income Fund has a 1 year low of $18.17 and a 1 year high of $20.90. The stock has a 50 day simple moving average of $19.60 and a 200-day simple moving average of $19.45.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.2205 per share. This represents a $2.65 annualized dividend and a 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.