PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Down 39.5% in May

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 30,414 shares, a decrease of 39.5% from the April 30th total of 50,310 shares. Based on an average trading volume of 44,941 shares, the short-interest ratio is currently 0.7 days.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.4%

Shares of PGP traded up $0.04 during midday trading on Thursday, reaching $8.71. 7,481 shares of the stock were exchanged, compared to its average volume of 42,531. PIMCO Global StocksPLUS & Income Fund has a twelve month low of $7.92 and a twelve month high of $9.41. The business’s 50-day moving average price is $8.79 and its 200 day moving average price is $8.91.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Thursday, June 11th.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

Large investors have recently modified their holdings of the company. Cetera Investment Advisers grew its position in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% during the second quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock worth $162,000 after acquiring an additional 1,325 shares during the last quarter. 49 Wealth Management LLC purchased a new stake in PIMCO Global StocksPLUS & Income Fund in the 3rd quarter valued at $107,000. Shaker Financial Services LLC boosted its stake in PIMCO Global StocksPLUS & Income Fund by 81.7% during the 4th quarter. Shaker Financial Services LLC now owns 113,811 shares of the company’s stock worth $1,044,000 after purchasing an additional 51,186 shares during the period. LPL Financial LLC boosted its stake in PIMCO Global StocksPLUS & Income Fund by 9.0% during the 4th quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock worth $1,620,000 after purchasing an additional 14,627 shares during the period. Finally, Kestra Advisory Services LLC increased its stake in PIMCO Global StocksPLUS & Income Fund by 88.1% in the fourth quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock valued at $821,000 after purchasing an additional 42,097 shares during the period.

PIMCO Global StocksPLUS & Income Fund Company Profile

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.