PIMCO Access Income Fund (NYSE:PAXS) Sees Large Increase in Short Interest

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 98,511 shares, a growth of 163.4% from the July 30th total of 37,404 shares. Based on an average trading volume of 189,762 shares, the days-to-cover ratio is currently 0.5 days.

PIMCO Access Income Fund Stock Down 0.6%

PAXS stock opened at $14.06 on Friday. PIMCO Access Income Fund has a 12 month low of $13.74 and a 12 month high of $16.56. The company has a 50-day moving average price of $14.30 and a 200 day moving average price of $14.51.

PIMCO Access Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a $0.1494 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 12.8%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PAXS. Kestra Advisory Services LLC purchased a new stake in shares of PIMCO Access Income Fund in the fourth quarter worth approximately $34,000. GHP Investment Advisors Inc. purchased a new position in PIMCO Access Income Fund during the 1st quarter valued at $41,000. Advisory Services Network LLC purchased a new position in PIMCO Access Income Fund during the 3rd quarter valued at $61,000. Activest Wealth Management bought a new position in PIMCO Access Income Fund in the 4th quarter valued at $115,000. Finally, Focus Financial Network Inc. bought a new position in PIMCO Access Income Fund in the 2nd quarter valued at $154,000.

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.