Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Grows By 44.0%

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large increase in short interest in August. As of August 15th, there was short interest totaling 728,800 shares, an increase of 44.0% from the July 31st total of 506,100 shares. Based on an average trading volume of 1,763,800 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 1,763,800 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Gill Capital Partners LLC lifted its holdings in PIMCO Dynamic Income Fund by 0.3% during the 2nd quarter. Gill Capital Partners LLC now owns 165,193 shares of the company’s stock valued at $3,134,000 after purchasing an additional 542 shares during the last quarter. Mezzasalma Advisors LLC lifted its holdings in PIMCO Dynamic Income Fund by 3.5% during the 2nd quarter. Mezzasalma Advisors LLC now owns 16,171 shares of the company’s stock valued at $307,000 after purchasing an additional 547 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in PIMCO Dynamic Income Fund by 5.1% during the 2nd quarter. Arkadios Wealth Advisors now owns 11,427 shares of the company’s stock valued at $217,000 after purchasing an additional 555 shares during the last quarter. Certified Advisory Corp lifted its holdings in PIMCO Dynamic Income Fund by 2.0% during the 1st quarter. Certified Advisory Corp now owns 29,826 shares of the company’s stock valued at $591,000 after purchasing an additional 593 shares during the last quarter. Finally, Goldstone Financial Group LLC lifted its holdings in PIMCO Dynamic Income Fund by 1.4% during the 2nd quarter. Goldstone Financial Group LLC now owns 46,345 shares of the company’s stock valued at $886,000 after purchasing an additional 620 shares during the last quarter.

PIMCO Dynamic Income Fund Price Performance

Shares of PDI stock opened at $20.07 on Wednesday. PIMCO Dynamic Income Fund has a 12-month low of $16.00 and a 12-month high of $20.90. The firm has a 50-day moving average price of $19.28 and a 200 day moving average price of $19.05.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be issued a dividend of $0.2205 per share. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date of this dividend is Friday, September 12th.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.