Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Drops By 30.9%

PIMCO Access Income Fund (NYSE:PAXS) was the target of a large 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 volume of 270,900 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On PIMCO Access Income Fund

Large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its stake in PIMCO Access Income Fund by 46.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 47,880 shares of the company’s stock valued at $796,000 after purchasing an additional 15,201 shares during the last quarter. World Investment Advisors LLC acquired a new stake in PIMCO Access Income Fund during the 3rd quarter worth approximately $22,595,000. Courier Capital LLC purchased a new position in shares of PIMCO Access Income Fund in the 4th quarter valued at $567,000. SOL Capital Management CO raised its position in PIMCO Access Income Fund by 24.0% in the fourth quarter. SOL Capital Management CO now owns 1,314,494 shares of the company’s stock valued at $20,046,000 after purchasing an additional 254,614 shares during the period. Finally, Journey Strategic Wealth LLC raised its holdings in shares of PIMCO Access Income Fund by 91.7% during the 4th quarter. Journey Strategic Wealth LLC now owns 67,838 shares of the company’s stock valued at $1,035,000 after buying an additional 32,450 shares during the period.

PIMCO Access Income Fund Price Performance

Shares of PAXS traded up $0.13 during mid-day trading on Monday, hitting $15.89. 228,967 shares of the company’s stock were exchanged, compared to its average volume of 198,892. PIMCO Access Income Fund has a fifty-two week low of $14.55 and a fifty-two week high of $17.24. The business’s 50 day moving average is $15.96 and its two-hundred day moving average is $16.12.

PIMCO Access Income Fund Announces Dividend

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 $0.1494 dividend. The ex-dividend date is Thursday, March 13th. This represents a $1.79 dividend on an annualized basis and a yield of 11.29%.

PIMCO Access Income Fund Company Profile

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.