PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 29.2% in August

PIMCO Dynamic Income Fund (NYSE:PDI) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 807,300 shares, an increase of 29.2% from the August 15th total of 624,700 shares. Based on an average daily volume of 296,500 shares, the days-to-cover ratio is presently 2.7 days.

Shares of NYSE:PDI traded up $0.46 during trading on Tuesday, reaching $26.42. The stock had a trading volume of 8,613 shares, compared to its average volume of 326,230. PIMCO Dynamic Income Fund has a 52 week low of $23.81 and a 52 week high of $29.75. The stock has a fifty day simple moving average of $28.17 and a two-hundred day simple moving average of $28.56.

The company also recently declared a monthly dividend, which will be paid on Friday, October 1st. Stockholders of record on Monday, September 13th will be given a $0.221 dividend. This is a positive change from PIMCO Dynamic Income Fund’s previous monthly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 10th. This represents a $2.65 dividend on an annualized basis and a dividend yield of 10.04%.

Large investors have recently added to or reduced their stakes in the company. CX Institutional bought a new position in shares of PIMCO Dynamic Income Fund in the second quarter valued at approximately $27,000. Red Door Wealth Management LLC bought a new position in PIMCO Dynamic Income Fund during the second quarter worth $26,000. Strategic Blueprint LLC bought a new position in PIMCO Dynamic Income Fund during the second quarter worth $52,000. Wagner Wealth Management LLC bought a new position in PIMCO Dynamic Income Fund during the first quarter worth $106,000. Finally, Arkadios Wealth Advisors increased its position in PIMCO Dynamic Income Fund by 53.0% during the second quarter. Arkadios Wealth Advisors now owns 4,625 shares of the company’s stock worth $133,000 after acquiring an additional 1,602 shares during the period.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a non-diversified, closed-end management investment company. Its seeks current income as a primary objective and capital appreciation as a secondary objective. The company was founded on January 19, 2011 and is headquartered in New York, NY.

Featured Article: Mutual funds are not immune from market timing

Receive News & Ratings for PIMCO Dynamic Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Dynamic Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.