PIMCO Global StocksPLUS & Income Fund (NYSE:PGP – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 16,600 shares, an increase of 937.5% from the March 31st total of 1,600 shares. Based on an average trading volume of 46,900 shares, the days-to-cover ratio is currently 0.4 days.
PGP traded down $0.02 on Wednesday, hitting $8.67. 100 shares of the company’s stock were exchanged, compared to its average volume of 47,275. PIMCO Global StocksPLUS & Income Fund has a twelve month low of $8.23 and a twelve month high of $11.56. The company’s fifty day simple moving average is $9.21.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Monday, April 11th will be paid a dividend of $0.069 per share. The ex-dividend date is Friday, April 8th. This represents a $0.83 annualized dividend and a yield of 9.55%.
About PIMCO Global StocksPLUS & Income Fund (Get Rating)
PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.
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