PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Sees Significant Decline in Short Interest

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a significant drop in short interest in February. As of February 28th, there was short interest totalling 13,100 shares, a drop of 33.2% from the February 13th total of 19,600 shares. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

Several institutional investors have recently added to or reduced their stakes in PGP. Citadel Advisors LLC bought a new stake in shares of PIMCO Global StocksPLUS & Income Fund in the 4th quarter valued at approximately $99,000. Institute for Wealth Management LLC. lifted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 102.0% in the 4th quarter. Institute for Wealth Management LLC. now owns 25,239 shares of the company’s stock valued at $196,000 after purchasing an additional 12,743 shares during the last quarter. MAS Advisors LLC lifted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 5.2% in the 4th quarter. MAS Advisors LLC now owns 29,767 shares of the company’s stock valued at $232,000 after purchasing an additional 1,472 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 80.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 127,315 shares of the company’s stock valued at $991,000 after purchasing an additional 56,802 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 79.8% in the 4th quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock valued at $1,017,000 after purchasing an additional 58,002 shares during the last quarter.

PIMCO Global StocksPLUS & Income Fund Stock Performance

NYSE PGP traded up $0.06 during trading on Friday, hitting $7.96. 28,748 shares of the stock traded hands, compared to its average volume of 41,602. The firm has a 50-day simple moving average of $7.95 and a 200-day simple moving average of $8.02. PIMCO Global StocksPLUS & Income Fund has a 12-month low of $7.08 and a 12-month high of $8.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The company 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 dividend of $0.069 per share. This represents a $0.83 annualized dividend and a yield of 10.40%. The ex-dividend date is Thursday, March 13th.

About PIMCO Global StocksPLUS & Income Fund

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.