Short Interest in PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Drops By 60.4%

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 12,800 shares, a decrease of 60.4% from the July 31st total of 32,300 shares. Based on an average daily trading volume, of 49,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

Several large investors have recently added to or reduced their stakes in PGP. International Assets Investment Management LLC boosted its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 650.0% during the 4th quarter. International Assets Investment Management LLC now owns 5,625 shares of the company’s stock worth $42,000 after buying an additional 4,875 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in PIMCO Global StocksPLUS & Income Fund during the fourth quarter worth $75,000. Epic Trust Investment Advisors LLC bought a new position in PIMCO Global StocksPLUS & Income Fund during the fourth quarter worth $102,000. MAS Advisors LLC acquired a new stake in PIMCO Global StocksPLUS & Income Fund in the first quarter worth $229,000. Finally, Truist Financial Corp bought a new stake in PIMCO Global StocksPLUS & Income Fund in the second quarter valued at $252,000.

PIMCO Global StocksPLUS & Income Fund Stock Performance

PGP stock opened at $7.99 on Friday. The company’s fifty day simple moving average is $7.67 and its 200 day simple moving average is $7.57. PIMCO Global StocksPLUS & Income Fund has a 12-month low of $5.83 and a 12-month high of $8.10.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be paid a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date is Monday, August 12th.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global Stocksplus & Income Fund is a closed ended balanced 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 fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.