PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Sees Significant Increase in Short Interest

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 22,100 shares, an increase of 68.7% from the February 28th total of 13,100 shares. Based on an average daily trading volume, of 36,900 shares, the short-interest ratio is presently 0.6 days.

PIMCO Global StocksPLUS & Income Fund Price Performance

PGP stock traded up $0.04 during midday trading on Friday, reaching $8.09. The company’s stock had a trading volume of 33,987 shares, compared to its average volume of 41,289. The business’s 50-day simple moving average is $8.00 and its 200-day simple moving average is $8.02. PIMCO Global StocksPLUS & Income Fund has a 52 week low of $7.08 and a 52 week high of $8.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a $0.069 dividend. This represents a $0.83 annualized dividend and a yield of 10.23%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Guggenheim Capital LLC raised its holdings in PIMCO Global StocksPLUS & Income Fund by 63.8% in the fourth quarter. Guggenheim Capital LLC now owns 221,545 shares of the company’s stock worth $1,724,000 after purchasing an additional 86,320 shares during the period. LPL Financial LLC increased its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 18.5% in the fourth quarter. LPL Financial LLC now owns 154,372 shares of the company’s stock worth $1,201,000 after acquiring an additional 24,137 shares in the last quarter. Truist Financial Corp raised its holdings in PIMCO Global StocksPLUS & Income Fund by 79.8% during the 4th quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock worth $1,017,000 after buying an additional 58,002 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 80.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 127,315 shares of the company’s stock worth $991,000 after buying an additional 56,802 shares in the last quarter. Finally, MAS Advisors LLC grew its stake in shares of PIMCO Global StocksPLUS & Income Fund by 5.2% during the 4th quarter. MAS Advisors LLC now owns 29,767 shares of the company’s stock worth $232,000 after acquiring an additional 1,472 shares in the last quarter.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.