PIMCO High Income Fund (NYSE:PHK) Sees Significant Decrease in Short Interest

PIMCO High Income Fund (NYSE:PHK) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 114,800 shares, a decrease of 14.2% from the March 31st total of 133,800 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 808,600 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On PIMCO High Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Noble Wealth Management PBC acquired a new stake in PIMCO High Income Fund in the 4th quarter valued at $1,554,000. Anfield Capital Management LLC bought a new position in shares of PIMCO High Income Fund in the fourth quarter valued at approximately $55,000. Strategic Financial Concepts LLC increased its position in shares of PIMCO High Income Fund by 137.1% during the 4th quarter. Strategic Financial Concepts LLC now owns 29,160 shares of the investment management company’s stock valued at $142,000 after purchasing an additional 16,860 shares during the last quarter. Principal Securities Inc. increased its holdings in PIMCO High Income Fund by 4.3% during the fourth quarter. Principal Securities Inc. now owns 298,663 shares of the investment management company’s stock worth $1,452,000 after buying an additional 12,192 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in shares of PIMCO High Income Fund by 2.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 101,398 shares of the investment management company’s stock worth $493,000 after purchasing an additional 2,634 shares during the last quarter. Institutional investors own 11.75% of the company’s stock.

PIMCO High Income Fund Price Performance

PHK stock opened at $4.79 on Friday. The company’s 50-day moving average is $4.77 and its 200-day moving average is $4.90. PIMCO High Income Fund has a 1 year low of $4.18 and a 1 year high of $5.18.

PIMCO High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Friday, April 11th were paid a $0.048 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.58 dividend on an annualized basis and a yield of 12.03%.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund is a closed ended fixed income 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 the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.