PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Down 90.9% in December

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 53,321 shares, a decrease of 90.9% from the December 15th total of 584,753 shares. Based on an average daily trading volume, of 3,182,548 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 3,182,548 shares, the days-to-cover ratio is currently 0.0 days.

PIMCO Dynamic Income Fund Stock Up 0.4%

PDI traded up $0.08 during trading hours on Monday, hitting $18.28. The company’s stock had a trading volume of 3,806,550 shares, compared to its average volume of 3,377,201. The company has a 50-day simple moving average of $17.95 and a 200 day simple moving average of $18.82. PIMCO Dynamic Income Fund has a fifty-two week low of $16.00 and a fifty-two week high of $20.17.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be issued a dividend of $0.2205 per share. This represents a c) dividend on an annualized basis and a dividend yield of 14.5%. The ex-dividend date of this dividend is Tuesday, January 13th.

Institutional Trading of PIMCO Dynamic Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new position in shares of PIMCO Dynamic Income Fund in the first quarter valued at approximately $359,000. Integrated Wealth Concepts LLC boosted its stake in PIMCO Dynamic Income Fund by 106.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 27,432 shares of the company’s stock valued at $543,000 after purchasing an additional 14,166 shares in the last quarter. Belpointe Asset Management LLC increased its position in shares of PIMCO Dynamic Income Fund by 38.9% during the 1st quarter. Belpointe Asset Management LLC now owns 14,176 shares of the company’s stock valued at $281,000 after purchasing an additional 3,971 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of PIMCO Dynamic Income Fund by 11.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 52,134 shares of the company’s stock worth $989,000 after buying an additional 5,300 shares in the last quarter. Finally, HBW Advisory Services LLC raised its stake in shares of PIMCO Dynamic Income Fund by 3.0% in the 2nd quarter. HBW Advisory Services LLC now owns 24,467 shares of the company’s stock worth $464,000 after buying an additional 720 shares in the last quarter.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.