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

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

PIMCO Dynamic Income Fund Price Performance

NYSE:PDI traded down $0.08 during mid-day trading on Monday, hitting $19.67. The company’s stock had a trading volume of 553,367 shares, compared to its average volume of 2,202,353. The business’s fifty day moving average is $19.60 and its two-hundred day moving average is $19.45. PIMCO Dynamic Income Fund has a 1 year low of $18.17 and a 1 year high of $20.90.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.2205 per share. The ex-dividend date is Thursday, March 13th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 13.46%.

Institutional Inflows and Outflows

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

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.