PIMCO Dynamic Income Fund (NYSE:PDI) Sees Large Drop in Short Interest

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 84,101 shares, a drop of 89.9% from the June 15th total of 835,910 shares. Based on an average trading volume of 2,827,648 shares, the short-interest ratio is presently 0.0 days.

PIMCO Dynamic Income Fund Stock Performance

NYSE:PDI traded up $0.07 on Friday, hitting $16.77. 3,564,241 shares of the stock were exchanged, compared to its average volume of 2,825,575. PIMCO Dynamic Income Fund has a 52 week low of $16.10 and a 52 week high of $20.17. The company’s 50-day moving average price is $16.77 and its 200 day moving average price is $17.47.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be given a dividend of $0.2205 per share. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 15.8%.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Sovran Advisors LLC lifted its holdings in PIMCO Dynamic Income Fund by 1.3% in the first quarter. Sovran Advisors LLC now owns 45,337 shares of the company’s stock valued at $791,000 after buying an additional 593 shares during the period. Certified Advisory Corp raised its position in shares of PIMCO Dynamic Income Fund by 2.2% during the 1st quarter. Certified Advisory Corp now owns 30,705 shares of the company’s stock valued at $525,000 after acquiring an additional 650 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of PIMCO Dynamic Income Fund by 4.8% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 14,286 shares of the company’s stock valued at $253,000 after acquiring an additional 656 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of PIMCO Dynamic Income Fund by 2.0% in the 4th quarter. IHT Wealth Management LLC now owns 35,759 shares of the company’s stock valued at $633,000 after purchasing an additional 690 shares during the period. Finally, NewEdge Wealth LLC boosted its position in shares of PIMCO Dynamic Income Fund by 1.9% in the 1st quarter. NewEdge Wealth LLC now owns 37,580 shares of the company’s stock worth $643,000 after purchasing an additional 712 shares during the last quarter.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.