PIMCO High Income Fund (NYSE:PHK) Short Interest Down 54.7% in February

PIMCO High Income Fund (NYSE:PHK - Get Free Report) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 41,300 shares, a decline of 54.7% from the January 31st total of 91,100 shares. Based on an average daily trading volume, of 643,800 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO High Income Fund Stock Performance

PIMCO High Income Fund stock traded down $0.02 during mid-day trading on Wednesday, hitting $4.93. 906,177 shares of the company were exchanged, compared to its average volume of 690,923. The business has a fifty day moving average of $4.91 and a 200 day moving average of $4.96. PIMCO High Income Fund has a 1-year low of $4.59 and a 1-year high of $5.18.

PIMCO High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.048 dividend. This represents a $0.58 annualized dividend and a dividend yield of 11.70%. The ex-dividend date of this dividend is Thursday, March 13th.

Hedge Funds Weigh In On PIMCO High Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new stake in PIMCO High Income Fund during the fourth quarter worth about $36,000. Carnegie Lake Advisors LLC bought a new stake in PIMCO High Income Fund during the 4th quarter worth approximately $50,000. CreativeOne Wealth LLC bought a new stake in PIMCO High Income Fund during the 4th quarter worth approximately $53,000. XTX Topco Ltd acquired a new stake in PIMCO High Income Fund during the 3rd quarter valued at $56,000. Finally, Anfield Capital Management LLC bought a new position in PIMCO High Income Fund in the 4th quarter valued at $55,000. 11.75% of the stock is owned by institutional investors.

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About PIMCO High Income Fund

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.