Short Interest in PIMCO High Income Fund (PHK) Expands By 120.4%
PIMCO High Income Fund (NYSE:PHK) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,678,905 shares, an increase of 120.4% from the August 31st total of 1,669,356 shares. Based on an average daily trading volume, of 722,389 shares, the days-to-cover ratio is presently 5.1 days.
Shares of PIMCO High Income Fund (NYSE:PHK) opened at 9.89 on Thursday. PIMCO High Income Fund has a 12-month low of $7.08 and a 12-month high of $10.15. The stock has a 50 day moving average price of $9.92 and a 200 day moving average price of $9.62.
About PIMCO High Income Fund
PIMCO High Income Fund is a diversified closed-end management investment fund. The Fund’s investment objective is to seek high current income, with capital appreciation as a secondary objective. The Fund focuses on duration management, credit quality analysis, risk management techniques and broad diversification among issuers, industries and sectors, as well as other risk management techniques designed to manage default risk.
Receive News & Stock Ratings for PIMCO High Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO High Income Fund and related stocks with our FREE daily email newsletter.