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

PIMCO Dynamic Income Fund (NYSE:PDI) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,290,000 shares, a growth of 21.7% from the February 13th total of 1,060,000 shares. Based on an average trading volume of 2,192,700 shares, the days-to-cover ratio is presently 0.6 days.

PIMCO Dynamic Income Fund Stock Up 0.2 %

PDI traded up $0.05 during trading hours on Tuesday, reaching $19.62. The company’s stock had a trading volume of 2,407,189 shares, compared to its average volume of 1,803,542. The company’s 50-day moving average is $19.44 and its 200-day moving average is $19.42. PIMCO Dynamic Income Fund has a 52 week low of $18.17 and a 52 week high of $20.90.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.2205 dividend. The ex-dividend date is Thursday, March 13th. This represents a $2.65 annualized dividend and a yield of 13.49%.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in PIMCO Dynamic Income Fund by 61.1% in the 4th quarter. Blue Trust Inc. now owns 1,584 shares of the company’s stock valued at $32,000 after buying an additional 601 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in PIMCO Dynamic Income Fund during the fourth quarter worth about $37,000. Sunbelt Securities Inc. raised its stake in PIMCO Dynamic Income Fund by 50.0% in the 3rd 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 bought a new stake in PIMCO Dynamic Income Fund in the 4th quarter valued at about $56,000. Finally, Huntington National Bank grew its position in shares of PIMCO Dynamic Income Fund by 93.4% during the 3rd quarter. Huntington National Bank now owns 5,280 shares of the company’s stock worth $107,000 after purchasing an additional 2,550 shares in the last quarter.

About PIMCO Dynamic Income Fund

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.