PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Update

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 45,653 shares, a growth of 294.0% from the July 30th total of 11,587 shares. Based on an average daily volume of 79,294 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC lifted 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 purchasing an additional 3,300 shares during the last quarter. Argyle Capital Partners LLC bought a new stake in PIMCO Global StocksPLUS & Income Fund during the second quarter worth approximately $121,000. Fifth Third Bancorp acquired a new position in PIMCO Global StocksPLUS & Income Fund during the first quarter valued at approximately $128,000. Cetera Investment Advisers grew its holdings in PIMCO Global StocksPLUS & Income Fund by 7.3% during the second quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock valued at $162,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position 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 valued at $821,000 after purchasing an additional 42,097 shares during the period.

PIMCO Global StocksPLUS & Income Fund Trading Up 0.5%

PIMCO Global StocksPLUS & Income Fund stock traded up $0.04 during mid-day trading on Friday, hitting $8.78. 37,964 shares of the company’s stock were exchanged, compared to its average volume of 47,562. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $8.04 and a 1-year high of $9.41. The stock has a 50 day moving average of $8.61 and a two-hundred day moving average of $8.75.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.069 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Thursday, August 13th.

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.