PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Sees Significant Increase in Short Interest

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 28,557 shares, an increase of 140.4% from the September 15th total of 11,881 shares. Based on an average daily volume of 50,764 shares, the short-interest ratio is presently 0.6 days.

PIMCO Global StocksPLUS & Income Fund Stock Performance

NYSE:PGP traded down $0.17 during trading hours on Wednesday, reaching $8.10. The company had a trading volume of 36,709 shares, compared to its average volume of 48,345. The stock has a 50-day moving average of $8.53 and a two-hundred day moving average of $8.63. PIMCO Global StocksPLUS & Income Fund has a one year low of $8.03 and a one year high of $9.41.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be issued a dividend of $0.0690 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.2%.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC increased its position in shares of PIMCO Global StocksPLUS & Income Fund by 44.6% during 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 in the last quarter. Argyle Capital Partners LLC bought a new position in PIMCO Global StocksPLUS & Income Fund during the 2nd quarter valued at about $121,000. Fifth Third Bancorp bought a new position in PIMCO Global StocksPLUS & Income Fund during the 1st quarter valued at about $128,000. Cetera Investment Advisers boosted its position in PIMCO Global StocksPLUS & Income Fund by 4.6% in the first 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 in the last quarter. Finally, Rivernorth Capital Management LLC boosted its position 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 buying an additional 3,457 shares in the last quarter.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a closed-end fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide investors with a combination of current income and long-term capital appreciation through exposure to global equity and fixed-income markets.

PGP uses PIMCO’s StocksPLUS strategy, which generally combines a portfolio of fixed-income investments with derivatives or other instruments designed to provide exposure to equity markets.