PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Down 38.6% in July

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,587 shares, a decrease of 38.6% from the July 15th total of 18,876 shares. Based on an average daily trading volume, of 57,561 shares, the days-to-cover ratio is currently 0.2 days.

PIMCO Global StocksPLUS & Income Fund Price Performance

PIMCO Global StocksPLUS & Income Fund stock traded up $0.07 during trading on Wednesday, reaching $8.74. The company had a trading volume of 9,693 shares, compared to its average volume of 47,865. The firm’s 50-day simple moving average is $8.58 and its 200 day simple moving average is $8.78. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $8.04 and a 1-year high of $9.41.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a $0.069 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 9.5%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PGP. CoreCap Advisors LLC boosted its holdings in PIMCO Global StocksPLUS & Income Fund by 44.6% in the 2nd quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after buying an additional 3,300 shares during the last quarter. Argyle Capital Partners LLC acquired a new position in shares of PIMCO Global StocksPLUS & Income Fund during the second quarter valued at approximately $121,000. Fifth Third Bancorp purchased a new position in shares of PIMCO Global StocksPLUS & Income Fund in the first quarter valued at approximately $128,000. Cetera Investment Advisers boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 7.3% in the second quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock worth $162,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 88.1% in the fourth quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock worth $821,000 after acquiring an additional 42,097 shares during the last quarter.

PIMCO Global StocksPLUS & Income Fund Company Profile

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.