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

PIMCO Access Income Fund (NYSE:PAXS) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 64,993 shares, a growth of 60.3% from the August 31st total of 40,534 shares. Based on an average trading volume of 260,617 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On PIMCO Access Income Fund

Several institutional investors have recently modified their holdings of PAXS. Noble Wealth Management PBC raised its holdings in PIMCO Access Income Fund by 16.9% during the third quarter. Noble Wealth Management PBC now owns 147,286 shares of the company’s stock worth $1,949,000 after purchasing an additional 21,319 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of PIMCO Access Income Fund in the second quarter valued at $243,000. Wedbush Securities Inc. increased its position in shares of PIMCO Access Income Fund by 4.7% in the second quarter. Wedbush Securities Inc. now owns 44,119 shares of the company’s stock valued at $642,000 after buying an additional 1,979 shares in the last quarter. Focus Financial Network Inc. purchased a new position in shares of PIMCO Access Income Fund in the second quarter valued at $154,000. Finally, Bank of America Corp DE raised its stake in shares of PIMCO Access Income Fund by 6.2% during the 1st quarter. Bank of America Corp DE now owns 421,321 shares of the company’s stock worth $6,071,000 after buying an additional 24,721 shares during the last quarter.

PIMCO Access Income Fund Price Performance

PAXS traded up $0.14 during trading on Friday, reaching $13.39. The company’s stock had a trading volume of 107,045 shares, compared to its average volume of 222,309. The company’s fifty day moving average price is $13.88 and its 200-day moving average price is $14.19. PIMCO Access Income Fund has a 52-week low of $12.92 and a 52-week high of $16.56.

PIMCO Access Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be issued a $0.1494 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.79 dividend on an annualized basis and a yield of 13.4%.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund (NYSE:PAXS) is a closed-end management investment company advised by Pacific Investment Management Company LLC, commonly known as PIMCO. The fund seeks to provide current income while also pursuing capital appreciation as a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income securities and other income-producing investments. Its holdings may include corporate bonds, government and sovereign debt, mortgage- and asset-backed securities, emerging-market securities, bank loans and other credit-related instruments.