PIMCO High Income Fund (NYSE:PHK) Short Interest Update

PIMCO High Income Fund (NYSE:PHK) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 146,300 shares, a growth of 70.7% from the February 28th total of 85,700 shares. Based on an average trading volume of 692,100 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

PIMCO High Income Fund Trading Down 0.6 %

Shares of PHK stock opened at $4.87 on Monday. PIMCO High Income Fund has a 1 year low of $4.59 and a 1 year high of $5.18. The stock has a fifty day moving average of $4.91 and a two-hundred day moving average of $4.96.

PIMCO High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.83%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PHK. Envestnet Asset Management Inc. boosted its stake in PIMCO High Income Fund by 0.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 779,132 shares of the investment management company’s stock valued at $3,787,000 after purchasing an additional 2,261 shares in the last quarter. Founders Financial Alliance LLC raised its position in PIMCO High Income Fund by 3.8% in the fourth quarter. Founders Financial Alliance LLC now owns 64,887 shares of the investment management company’s stock worth $315,000 after acquiring an additional 2,362 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in PIMCO High Income Fund by 2.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 101,398 shares of the investment management company’s stock valued at $493,000 after acquiring an additional 2,634 shares during the last quarter. Centric Wealth Management boosted its position in shares of PIMCO High Income Fund by 18.2% during the 4th quarter. Centric Wealth Management now owns 24,847 shares of the investment management company’s stock valued at $121,000 after purchasing an additional 3,831 shares in the last quarter. Finally, Integrated Capital Management Inc. grew its stake in shares of PIMCO High Income Fund by 6.4% in the 4th quarter. Integrated Capital Management Inc. now owns 65,276 shares of the investment management company’s stock worth $317,000 after purchasing an additional 3,921 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund is a closed ended fixed income 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 the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.