PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 346.5% in June

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 835,910 shares, a growth of 346.5% from the May 31st total of 187,210 shares. Based on an average daily trading volume, of 2,998,769 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Heritage Wealth Advisors bought a new position in PIMCO Dynamic Income Fund in the 4th quarter worth approximately $35,000. Sankala Group LLC acquired a new position in PIMCO Dynamic Income Fund in the 4th quarter valued at approximately $55,000. First Horizon Corp bought a new stake in shares of PIMCO Dynamic Income Fund in the 1st quarter worth approximately $57,000. WFA of San Diego LLC bought a new stake in shares of PIMCO Dynamic Income Fund during the second quarter valued at approximately $64,000. Finally, SHP Wealth Management acquired a new position in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at $64,000.

PIMCO Dynamic Income Fund Stock Performance

Shares of NYSE PDI traded up $0.10 during mid-day trading on Friday, reaching $16.57. 2,984,398 shares of the company traded hands, compared to its average volume of 2,862,454. The company’s fifty day moving average is $16.90 and its two-hundred day moving average is $17.54. PIMCO Dynamic Income Fund has a fifty-two week low of $16.10 and a fifty-two week high of $20.17.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be issued a dividend of $0.2205 per share. This represents a c) annualized dividend and a dividend yield of 16.0%. The ex-dividend date of this dividend is Thursday, June 11th.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.