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

PIMCO High Income Fund (NYSE:PHK - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 146,300 shares, an increase of 70.7% from the February 28th total of 85,700 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 692,100 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO High Income Fund Stock Down 0.1 %

Shares of NYSE:PHK traded down $0.01 during mid-day trading on Thursday, hitting $4.88. 1,098,012 shares of the company traded hands, compared to its average volume of 590,385. The stock has a 50-day moving average price of $4.91 and a two-hundred day moving average price of $4.96. PIMCO High Income Fund has a 12-month low of $4.59 and a 12-month high of $5.18.

PIMCO High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be paid a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a yield of 11.82%. The ex-dividend date is Friday, April 11th.

Institutional Trading of PIMCO High Income Fund

Several institutional investors have recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in PIMCO High Income Fund during the fourth quarter worth about $36,000. Carnegie Lake Advisors LLC bought a new position in shares of PIMCO High Income Fund during the 4th quarter worth approximately $50,000. CreativeOne Wealth LLC bought a new position in shares of PIMCO High Income Fund during the 4th quarter worth approximately $53,000. Anfield Capital Management LLC purchased a new position in shares of PIMCO High Income Fund in the 4th quarter worth approximately $55,000. Finally, XTX Topco Ltd bought a new position in shares of PIMCO High Income Fund in the third quarter valued at approximately $56,000. Institutional investors own 11.75% of the company's stock.

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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.