Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Decreases By 16.3%

PIMCO Dynamic Income Fund (NYSE:PDI) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 416,100 shares, a decrease of 16.3% from the October 31st total of 497,000 shares. Based on an average daily trading volume, of 2,026,500 shares, the short-interest ratio is currently 0.2 days.

PIMCO Dynamic Income Fund Trading Up 0.2 %

Shares of NYSE:PDI opened at $19.16 on Friday. The stock has a fifty day moving average of $19.75 and a 200-day moving average of $19.31. PIMCO Dynamic Income Fund has a one year low of $17.16 and a one year high of $20.90.

PIMCO Dynamic Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be paid a $0.2205 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.65 dividend on an annualized basis and a yield of 13.81%.

Institutional Trading of PIMCO Dynamic Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of PDI. Concourse Financial Group Securities Inc. increased its position in shares of PIMCO Dynamic Income Fund by 13.3% in the third quarter. Concourse Financial Group Securities Inc. now owns 4,260 shares of the company’s stock worth $87,000 after acquiring an additional 500 shares in the last quarter. Certified Advisory Corp grew its position in PIMCO Dynamic Income Fund by 2.5% during the 3rd quarter. Certified Advisory Corp now owns 30,404 shares of the company’s stock worth $616,000 after purchasing an additional 743 shares in the last quarter. Kovack Advisors Inc. raised its stake in PIMCO Dynamic Income Fund by 4.4% during the 3rd quarter. Kovack Advisors Inc. now owns 18,220 shares of the company’s stock valued at $369,000 after purchasing an additional 764 shares during the period. Sunbelt Securities Inc. lifted its holdings 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 valued at $49,000 after purchasing an additional 800 shares in the last quarter. Finally, MRA Advisory Group boosted its position in shares of PIMCO Dynamic Income Fund by 1.7% in the second quarter. MRA Advisory Group now owns 50,506 shares of the company’s stock worth $950,000 after buying an additional 821 shares during the period.

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.