PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Update

Posted by Lauren Steadman on Dec 2nd, 2024

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP – Get Free Report) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 24,500 shares, a growth of 21.3% from the October 31st total of 20,200 shares. Based on an average daily trading volume, of 35,000 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

A hedge fund recently raised its stake in PIMCO Global StocksPLUS & Income Fund stock. International Assets Investment Management LLC increased its stake in PIMCO Global StocksPLUS & Income Fund (NYSE:PGP – Free Report) by 739.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,293 shares of the company’s stock after acquiring an additional 5,543 shares during the period. International Assets Investment Management LLC’s holdings in PIMCO Global StocksPLUS & Income Fund were worth $53,000 as of its most recent SEC filing.

PIMCO Global StocksPLUS & Income Fund Price Performance

Shares of PIMCO Global StocksPLUS & Income Fund stock traded up $0.04 on Monday, hitting $8.17. The company’s stock had a trading volume of 12,809 shares, compared to its average volume of 42,275. PIMCO Global StocksPLUS & Income Fund has a 52-week low of $6.90 and a 52-week high of $8.40. The firm has a fifty day moving average price of $8.13 and a 200-day moving average price of $7.85.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a dividend of $0.069 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.13%.

About PIMCO Global StocksPLUS & Income Fund

(Get Free Report)

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.