PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 511.9% in July

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 514,648 shares, a growth of 511.9% from the June 30th total of 84,101 shares. Based on an average daily trading volume, of 2,501,365 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of PIMCO Dynamic Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Sovran Advisors LLC grew its stake in PIMCO Dynamic Income Fund by 1.3% during the first quarter. Sovran Advisors LLC now owns 45,337 shares of the company’s stock valued at $791,000 after acquiring an additional 593 shares in the last quarter. Certified Advisory Corp boosted its stake in PIMCO Dynamic Income Fund by 2.2% during the first quarter. Certified Advisory Corp now owns 30,705 shares of the company’s stock valued at $525,000 after buying an additional 650 shares during the period. Kingswood Wealth Advisors LLC grew its position in PIMCO Dynamic Income Fund by 4.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,286 shares of the company’s stock worth $253,000 after buying an additional 656 shares in the last quarter. IHT Wealth Management LLC grew its position in PIMCO Dynamic Income Fund by 2.0% during the fourth quarter. IHT Wealth Management LLC now owns 35,759 shares of the company’s stock worth $633,000 after buying an additional 690 shares in the last quarter. Finally, NewEdge Wealth LLC increased its stake in 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 acquiring an additional 712 shares during the last quarter.

PIMCO Dynamic Income Fund Trading Down 0.3%

PDI stock traded down $0.06 during midday trading on Friday, reaching $16.02. 2,349,644 shares of the company’s stock traded hands, compared to its average volume of 2,795,685. The company has a 50-day moving average price of $16.54 and a two-hundred day moving average price of $17.36. PIMCO Dynamic Income Fund has a 52 week low of $15.94 and a 52 week high of $20.17.

PIMCO Dynamic Income Fund Dividend Announcement

The business 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 $0.2205 dividend. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 16.5%.

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.