PIMCO Dynamic Income Fund (NYSE:PDI) Sees Large Decline in Short Interest

PIMCO Dynamic Income Fund (NYSE:PDI) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 497,000 shares, a decrease of 63.7% from the October 15th total of 1,370,000 shares. Based on an average daily trading volume, of 1,940,400 shares, the days-to-cover ratio is presently 0.3 days.

PIMCO Dynamic Income Fund Stock Performance

Shares of PDI traded down $0.19 during trading hours on Friday, reaching $18.88. 3,367,652 shares of the company’s stock traded hands, compared to its average volume of 1,606,893. PIMCO Dynamic Income Fund has a 12 month low of $17.15 and a 12 month high of $20.90. The firm’s 50 day simple moving average is $19.82 and its 200-day simple moving average is $19.32.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.2205 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.65 annualized dividend and a yield of 14.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Concourse Financial Group Securities Inc. raised its holdings in shares of PIMCO Dynamic Income Fund by 13.3% during the third quarter. Concourse Financial Group Securities Inc. now owns 4,260 shares of the company’s stock valued at $87,000 after purchasing an additional 500 shares during the last quarter. Certified Advisory Corp raised its stake in PIMCO Dynamic Income Fund by 2.5% during the 3rd quarter. Certified Advisory Corp now owns 30,404 shares of the company’s stock valued at $616,000 after buying an additional 743 shares during the last quarter. Kovack Advisors Inc. lifted its holdings in shares of PIMCO Dynamic Income Fund by 4.4% during the 3rd quarter. Kovack Advisors Inc. now owns 18,220 shares of the company’s stock valued at $369,000 after buying an additional 764 shares during the period. MRA Advisory Group boosted its holdings in shares of PIMCO Dynamic Income Fund by 1.7% in the second quarter. MRA Advisory Group now owns 50,506 shares of the company’s stock worth $950,000 after buying an additional 821 shares during the last quarter. Finally, MWA Asset Management grew its position in shares of PIMCO Dynamic Income Fund by 6.1% during the 3rd quarter. MWA Asset Management now owns 16,465 shares of the company’s stock valued at $334,000 after acquiring an additional 950 shares during the period.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.