PIMCO Access Income Fund (NYSE:PAXS) Short Interest Update

PIMCO Access Income Fund (NYSE:PAXS) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 83,758 shares, a growth of 117.5% from the May 31st total of 38,509 shares. Based on an average trading volume of 211,754 shares, the days-to-cover ratio is presently 0.4 days.

PIMCO Access Income Fund Stock Up 0.8%

PIMCO Access Income Fund stock opened at $14.44 on Tuesday. The firm’s 50 day simple moving average is $14.32 and its 200 day simple moving average is $14.92. PIMCO Access Income Fund has a 1-year low of $13.74 and a 1-year high of $16.56.

PIMCO Access Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be given a dividend of $0.1494 per share. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a yield of 12.4%.

Institutional Trading of PIMCO Access Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of PIMCO Access Income Fund by 21.8% in the 1st quarter. Royal Bank of Canada now owns 423,621 shares of the company’s stock worth $6,803,000 after acquiring an additional 75,940 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of PIMCO Access Income Fund during the 1st quarter valued at $337,000. First Trust Advisors LP raised its position in PIMCO Access Income Fund by 21.3% in the 2nd quarter. First Trust Advisors LP now owns 15,737 shares of the company’s stock worth $238,000 after purchasing an additional 2,760 shares during the period. Bank of America Corp DE raised its position in PIMCO Access Income Fund by 21.1% in the 2nd quarter. Bank of America Corp DE now owns 374,892 shares of the company’s stock worth $5,665,000 after purchasing an additional 65,266 shares during the period. Finally, Hilton Capital Management LLC bought a new stake in PIMCO Access Income Fund in the second quarter worth $181,000.

PIMCO Access Income Fund Company Profile

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.