PIMCO High Income Fund (NYSE:PHK) Sees Significant Increase in Short Interest

PIMCO High Income Fund (NYSE:PHK) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 759,122 shares, a growth of 81.6% from the December 31st total of 418,016 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 814,976 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 814,976 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

PIMCO High Income Fund Price Performance

NYSE PHK traded up $0.01 during trading on Friday, hitting $4.96. 592,267 shares of the company traded hands, compared to its average volume of 770,331. PIMCO High Income Fund has a 12 month low of $4.18 and a 12 month high of $5.04. The business has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $4.89.

PIMCO High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be issued a dividend of $0.048 per share. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date is Tuesday, January 13th.

Institutional Trading of PIMCO High Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Guerra Advisors Inc bought a new position in PIMCO High Income Fund in the 3rd quarter worth approximately $28,000. Aspect Partners LLC acquired a new stake in shares of PIMCO High Income Fund in the third quarter worth $29,000. Jane Street Group LLC bought a new position in PIMCO High Income Fund during the second quarter worth $48,000. Private Trust Co. NA bought a new position in PIMCO High Income Fund during the third quarter worth $50,000. Finally, Zullo Investment Group Inc. acquired a new position in PIMCO High Income Fund during the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 11.75% of the company’s stock.

PIMCO High Income Fund Company Profile

The PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK’s investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.