PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 30.9% in February

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 47,100 shares, a drop of 30.9% from the February 13th total of 68,200 shares. Based on an average trading volume of 270,900 shares, the short-interest ratio is presently 0.2 days.

PIMCO Access Income Fund Stock Up 0.8 %

Shares of NYSE:PAXS opened at $15.89 on Tuesday. PIMCO Access Income Fund has a 12 month low of $14.55 and a 12 month high of $17.24. The company has a 50-day moving average price of $15.96 and a 200 day moving average price of $16.12.

PIMCO Access Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.29%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Anfield Capital Management LLC bought a new stake in PIMCO Access Income Fund in the fourth quarter worth about $56,000. IFP Advisors Inc lifted its stake in PIMCO Access Income Fund by 549.2% in the fourth quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock worth $61,000 after purchasing an additional 3,383 shares during the last quarter. Noble Wealth Management PBC bought a new stake in PIMCO Access Income Fund in the fourth quarter worth about $114,000. SouthState Corp bought a new stake in PIMCO Access Income Fund in the fourth quarter worth about $143,000. Finally, CreativeOne Wealth LLC bought a new stake in PIMCO Access Income Fund in the fourth quarter worth about $192,000.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.