PIMCO High Income Fund (NYSE:PHK - Get Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 204,800 shares, a growth of 170.9% from the September 30th total of 75,600 shares. Based on an average daily volume of 568,700 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of PIMCO High Income Fund
A number of hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in shares of PIMCO High Income Fund by 15.3% in the 2nd quarter. Cetera Investment Advisers now owns 837,359 shares of the investment management company's stock worth $4,036,000 after acquiring an additional 111,298 shares during the period. Commonwealth Equity Services LLC lifted its position in PIMCO High Income Fund by 1.2% in the second quarter. Commonwealth Equity Services LLC now owns 769,240 shares of the investment management company's stock worth $3,708,000 after purchasing an additional 9,230 shares during the period. Envestnet Asset Management Inc. boosted its stake in PIMCO High Income Fund by 8.1% during the second quarter. Envestnet Asset Management Inc. now owns 712,629 shares of the investment management company's stock worth $3,435,000 after buying an additional 53,128 shares in the last quarter. Park Avenue Securities LLC increased its holdings in PIMCO High Income Fund by 3.1% in the 3rd quarter. Park Avenue Securities LLC now owns 283,512 shares of the investment management company's stock valued at $1,418,000 after buying an additional 8,399 shares during the period. Finally, Cetera Advisors LLC raised its stake in shares of PIMCO High Income Fund by 20.0% in the 1st quarter. Cetera Advisors LLC now owns 134,142 shares of the investment management company's stock valued at $663,000 after buying an additional 22,375 shares in the last quarter. 11.75% of the stock is owned by institutional investors.
PIMCO High Income Fund Price Performance
Shares of PHK stock remained flat at $5.07 during trading hours on Friday. The stock had a trading volume of 365,721 shares, compared to its average volume of 516,031. PIMCO High Income Fund has a one year low of $4.15 and a one year high of $5.18. The business's fifty day simple moving average is $4.97 and its two-hundred day simple moving average is $4.86.
PIMCO High Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be paid a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a yield of 11.36%. The ex-dividend date is Friday, October 11th.
About PIMCO High Income Fund
(
Get Free Report)
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.
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