PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Up 116.8% in May

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 31,000 shares, an increase of 116.8% from the May 15th total of 14,300 shares. Based on an average daily volume of 43,200 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC increased its stake in shares of PIMCO Global StocksPLUS & Income Fund by 63.8% during the 4th quarter. Guggenheim Capital LLC now owns 221,545 shares of the company’s stock worth $1,724,000 after purchasing an additional 86,320 shares in the last quarter. Shaker Financial Services LLC boosted its position in PIMCO Global StocksPLUS & Income Fund by 99.2% during the first quarter. Shaker Financial Services LLC now owns 187,947 shares of the company’s stock worth $1,537,000 after acquiring an additional 93,574 shares during the last quarter. LPL Financial LLC boosted its position in PIMCO Global StocksPLUS & Income Fund by 3.4% during the first quarter. LPL Financial LLC now owns 159,660 shares of the company’s stock worth $1,293,000 after acquiring an additional 5,288 shares during the last quarter. Truist Financial Corp boosted its position in PIMCO Global StocksPLUS & Income Fund by 79.8% during the fourth quarter. Truist Financial Corp now owns 130,682 shares of the company’s stock worth $1,017,000 after acquiring an additional 58,002 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in PIMCO Global StocksPLUS & Income Fund by 80.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 127,315 shares of the company’s stock worth $991,000 after acquiring an additional 56,802 shares during the last quarter.

PIMCO Global StocksPLUS & Income Fund Price Performance

Shares of PGP opened at $8.03 on Friday. The firm has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $7.88. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $6.56 and a 1-year high of $8.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.069 per share. The ex-dividend date is Thursday, June 12th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.32%.

About PIMCO Global StocksPLUS & Income Fund

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.