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

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,720,000 shares, a drop of 20.0% from the March 15th total of 2,150,000 shares. Based on an average trading volume of 2,715,500 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. TPG Advisors LLC boosted its holdings in PIMCO Dynamic Income Fund by 4.9% in the fourth quarter. TPG Advisors LLC now owns 11,474 shares of the company’s stock valued at $210,000 after purchasing an additional 535 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of PIMCO Dynamic Income Fund by 61.1% during the fourth quarter. Blue Trust Inc. now owns 1,584 shares of the company’s stock worth $32,000 after purchasing an additional 601 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its position in shares of PIMCO Dynamic Income Fund by 2.0% during the first quarter. Key Client Fiduciary Advisors LLC now owns 32,392 shares of the company’s stock worth $641,000 after purchasing an additional 640 shares in the last quarter. Capital CS Group LLC lifted its holdings in shares of PIMCO Dynamic Income Fund by 3.5% in the 1st quarter. Capital CS Group LLC now owns 19,388 shares of the company’s stock valued at $384,000 after purchasing an additional 654 shares during the last quarter. Finally, Lido Advisors LLC boosted its position in shares of PIMCO Dynamic Income Fund by 1.8% in the 4th quarter. Lido Advisors LLC now owns 43,702 shares of the company’s stock valued at $811,000 after purchasing an additional 762 shares during the period.

PIMCO Dynamic Income Fund Trading Up 0.9 %

NYSE PDI traded up $0.17 on Friday, hitting $17.89. 1,187,256 shares of the stock were exchanged, compared to its average volume of 1,964,778. PIMCO Dynamic Income Fund has a fifty-two week low of $16.00 and a fifty-two week high of $20.90. The company has a 50-day moving average price of $19.29 and a 200-day moving average price of $19.28.

PIMCO Dynamic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be issued a $0.2205 dividend. This represents a $2.65 annualized dividend and a yield of 14.79%. The ex-dividend date is Friday, April 11th.

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.