Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Decreases By 55.3%

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 37,404 shares, a decrease of 55.3% from the June 15th total of 83,758 shares. Based on an average trading volume of 154,676 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO Access Income Fund Stock Up 0.1%

Shares of PAXS stock traded up $0.01 on Thursday, reaching $14.57. The stock had a trading volume of 100,803 shares, compared to its average volume of 210,270. PIMCO Access Income Fund has a 12 month low of $13.74 and a 12 month high of $16.56. The firm’s 50-day moving average is $14.30 and its two-hundred day moving average is $14.85.

PIMCO Access Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be given a $0.1494 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in PIMCO Access Income Fund by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,768,979 shares of the company’s stock valued at $27,065,000 after acquiring an additional 51,523 shares during the period. SOL Capital Management CO raised its stake in PIMCO Access Income Fund by 2.8% in the 4th quarter. SOL Capital Management CO now owns 1,471,674 shares of the company’s stock worth $22,517,000 after purchasing an additional 39,829 shares in the last quarter. Royal Bank of Canada boosted its holdings in PIMCO Access Income Fund by 12.5% in the 1st quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock valued at $16,612,000 after purchasing an additional 127,806 shares during the period. Cohen & Steers Inc. grew its position in shares of PIMCO Access Income Fund by 4.2% during the 4th quarter. Cohen & Steers Inc. now owns 911,766 shares of the company’s stock worth $13,950,000 after purchasing an additional 36,392 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. raised its position in shares of PIMCO Access Income Fund by 55.3% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 747,910 shares of the company’s stock valued at $11,443,000 after buying an additional 266,473 shares in the last quarter.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.