PIMCO Access Income Fund (NYSE:PAXS) Sees Large Increase in Short Interest

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 27,700 shares, an increase of 39.9% from the March 15th total of 19,800 shares. Based on an average daily volume of 224,500 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On PIMCO Access Income Fund

Several large investors have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. increased its holdings in shares of PIMCO Access Income Fund by 17.3% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 358,285 shares of the company’s stock worth $5,464,000 after purchasing an additional 52,755 shares during the period. Virtu Financial LLC bought a new position in PIMCO Access Income Fund during the fourth quarter valued at about $1,942,000. SouthState Corp acquired a new position in PIMCO Access Income Fund in the 4th quarter valued at approximately $143,000. IFP Advisors Inc raised its holdings in PIMCO Access Income Fund by 549.2% in the 4th quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock valued at $61,000 after acquiring an additional 3,383 shares in the last quarter. Finally, Noble Wealth Management PBC bought a new stake in shares of PIMCO Access Income Fund in the 4th quarter worth approximately $114,000.

PIMCO Access Income Fund Stock Up 0.2 %

Shares of NYSE PAXS opened at $14.99 on Friday. PIMCO Access Income Fund has a 12 month low of $13.63 and a 12 month high of $17.24. The business’s 50 day moving average is $15.74 and its two-hundred day moving average is $15.95.

PIMCO Access Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be given a dividend of $0.1494 per share. This represents a $1.79 dividend on an annualized basis and a yield of 11.96%. The ex-dividend date is Friday, April 11th.

PIMCO Access Income Fund Company Profile

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.