PIMCO High Income Fund (NYSE:PHK) Short Interest Update

PIMCO High Income Fund (NYSE:PHK) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 90,500 shares, a decrease of 18.2% from the August 15th total of 110,600 shares. Based on an average trading volume of 533,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of PIMCO High Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of PHK. Private Advisor Group LLC raised its position in PIMCO High Income Fund by 21.0% during the fourth quarter. Private Advisor Group LLC now owns 13,675 shares of the investment management company’s stock valued at $68,000 after buying an additional 2,373 shares during the period. Kingsview Wealth Management LLC grew its stake in PIMCO High Income Fund by 2.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 91,574 shares of the investment management company’s stock valued at $457,000 after acquiring an additional 2,414 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of PIMCO High Income Fund by 21.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 14,051 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 2,500 shares during the period. Integrated Capital Management Inc. lifted its position in shares of PIMCO High Income Fund by 9.5% in the first quarter. Integrated Capital Management Inc. now owns 44,631 shares of the investment management company’s stock worth $220,000 after purchasing an additional 3,866 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of PIMCO High Income Fund by 1.2% during the second quarter. Commonwealth Equity Services LLC now owns 769,240 shares of the investment management company’s stock worth $3,708,000 after purchasing an additional 9,230 shares during the period. Institutional investors and hedge funds own 11.75% of the company’s stock.

PIMCO High Income Fund Stock Performance

Shares of NYSE PHK opened at $4.93 on Tuesday. The stock’s fifty day simple moving average is $4.83 and its 200 day simple moving average is $4.84. PIMCO High Income Fund has a 52-week low of $4.13 and a 52-week high of $5.04.

PIMCO High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.048 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.58 dividend on an annualized basis and a yield of 11.70%.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.