PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Short Interest Drops 36.6%

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 11,881 shares, a decline of 36.6% from the August 31st total of 18,750 shares. Based on an average daily trading volume, of 65,736 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. 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 valued at $92,000 after purchasing an additional 3,300 shares during the last quarter. Argyle Capital Partners LLC acquired a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the 2nd quarter worth approximately $121,000. Fifth Third Bancorp purchased a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the 1st quarter valued at approximately $128,000. Cetera Investment Advisers raised its position in shares of PIMCO Global StocksPLUS & Income Fund by 4.6% during the 1st quarter. Cetera Investment Advisers now owns 31,282 shares of the company’s stock valued at $261,000 after buying an additional 1,387 shares during the period. Finally, Rivernorth Capital Management LLC lifted its holdings in PIMCO Global StocksPLUS & Income Fund by 1.0% in the second quarter. Rivernorth Capital Management LLC now owns 349,408 shares of the company’s stock valued at $3,012,000 after acquiring an additional 3,457 shares during the last quarter.

PIMCO Global StocksPLUS & Income Fund Stock Up 0.6%

NYSE:PGP traded up $0.05 during trading hours on Thursday, hitting $8.23. The company had a trading volume of 10,059 shares, compared to its average volume of 48,696. PIMCO Global StocksPLUS & Income Fund has a 1 year low of $8.04 and a 1 year high of $9.41. The company has a 50-day moving average of $8.57 and a 200 day moving average of $8.64.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a $0.0690 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.1%.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a closed-end investment fund managed by PIMCO, a global investment management firm. The fund seeks total return through a combination of current income and long-term capital appreciation.

PGP uses a “StocksPLUS” approach, combining exposure to global equity markets with investments in fixed-income securities and related instruments. The fund may use derivatives, including equity-related contracts, to obtain or manage exposure to stocks while maintaining a portfolio designed to generate income.