PIMCO High Income Fund (NYSE:PHK – Get Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 50,400 shares, a drop of 38.3% from the April 30th total of 81,700 shares. Based on an average daily trading volume, of 366,000 shares, the short-interest ratio is presently 0.1 days.
PIMCO High Income Fund Price Performance
PIMCO High Income Fund stock opened at $4.64 on Friday. The company has a fifty day simple moving average of $4.75 and a 200-day simple moving average of $4.89. PIMCO High Income Fund has a 12-month low of $4.50 and a 12-month high of $5.86.
PIMCO High Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th will be given a dividend of $0.048 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.58 annualized dividend and a dividend yield of 12.41%.
Institutional Investors Weigh In On PIMCO High Income Fund
About PIMCO High Income Fund
PIMCO High Income Fund is a closed-end management investment company. It seeks high current income, with capital appreciation as a secondary objective. The company was founded on February 18, 2003 and is headquartered in New York, NY.
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