Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Increases By 346.5%

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 835,910 shares, an increase of 346.5% from the May 31st total of 187,210 shares. Based on an average daily volume of 2,998,769 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Dynamic Income Fund Stock Performance

PIMCO Dynamic Income Fund stock opened at $16.57 on Monday. PIMCO Dynamic Income Fund has a 52-week low of $16.10 and a 52-week high of $20.17. The stock’s 50 day moving average price is $16.90 and its two-hundred day moving average price is $17.54.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a $0.2205 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 16.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mallini Complete Financial Planning LLC raised its holdings in shares of PIMCO Dynamic Income Fund by 7.4% during the fourth quarter. Mallini Complete Financial Planning LLC now owns 19,327 shares of the company’s stock valued at $342,000 after purchasing an additional 1,330 shares during the period. Alexander Labrunerie & CO. Inc. grew its stake in shares of PIMCO Dynamic Income Fund by 15.0% in the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 119,153 shares of the company’s stock valued at $2,359,000 after buying an additional 15,566 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of PIMCO Dynamic Income Fund in the 3rd quarter valued at about $143,000. Morse Asset Management Inc increased its position in PIMCO Dynamic Income Fund by 3.7% in the 3rd quarter. Morse Asset Management Inc now owns 193,022 shares of the company’s stock valued at $3,822,000 after buying an additional 6,879 shares in the last quarter. Finally, Allium Financial Advisors LLC increased its position in PIMCO Dynamic Income Fund by 30.2% in the 3rd quarter. Allium Financial Advisors LLC now owns 144,963 shares of the company’s stock valued at $2,870,000 after buying an additional 33,652 shares in the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.