PIMCO Access Income Fund (NYSE:PAXS) Short Interest Update

PIMCO Access Income Fund (NYSE:PAXS) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 37,404 shares, a drop of 54.2% from the July 15th total of 81,605 shares. Based on an average daily volume of 181,737 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On PIMCO Access Income Fund

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in PIMCO Access Income Fund by 21.8% during the 1st quarter. Royal Bank of Canada now owns 423,621 shares of the company’s stock valued at $6,803,000 after purchasing an additional 75,940 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of PIMCO Access Income Fund in the first quarter valued at $337,000. First Trust Advisors LP increased its holdings in shares of PIMCO Access Income Fund by 21.3% in the second quarter. First Trust Advisors LP now owns 15,737 shares of the company’s stock valued at $238,000 after purchasing an additional 2,760 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of PIMCO Access Income Fund by 21.1% in the second quarter. Bank of America Corp DE now owns 374,892 shares of the company’s stock valued at $5,665,000 after purchasing an additional 65,266 shares during the last quarter. Finally, Hilton Capital Management LLC bought a new position in shares of PIMCO Access Income Fund in the second quarter valued at about $181,000.

PIMCO Access Income Fund Price Performance

NYSE PAXS traded down $0.12 during trading on Friday, reaching $14.27. 180,952 shares of the company’s stock were exchanged, compared to its average volume of 207,449. The business has a 50 day moving average price of $14.31 and a 200-day moving average price of $14.64. PIMCO Access Income Fund has a fifty-two week low of $13.74 and a fifty-two week high of $16.56.

PIMCO Access Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.1494 per share. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Thursday, August 13th.

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.