PIMCO Dynamic Income Fund (NYSE:PDI) Sees Significant Drop in Short Interest

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 354,127 shares, a drop of 17.3% from the January 15th total of 428,022 shares. Based on an average trading volume of 2,449,846 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 2,449,846 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Heritage Wealth Advisors acquired a new stake in PIMCO Dynamic Income Fund in the fourth quarter valued at approximately $35,000. LRI Investments LLC increased its position in PIMCO Dynamic Income Fund by 147.3% during the 3rd quarter. LRI Investments LLC now owns 2,196 shares of the company’s stock valued at $43,000 after buying an additional 1,308 shares in the last quarter. Aspect Partners LLC purchased a new stake in PIMCO Dynamic Income Fund in the third quarter valued at about $54,000. Eastern Bank acquired a new stake in PIMCO Dynamic Income Fund in the third quarter worth about $59,000. Finally, Parkside Financial Bank & Trust acquired a new stake in PIMCO Dynamic Income Fund in the third quarter worth about $59,000.

PIMCO Dynamic Income Fund Trading Up 0.2%

Shares of PDI traded up $0.04 during trading hours on Wednesday, hitting $18.68. The company had a trading volume of 2,466,439 shares, compared to its average volume of 3,096,785. PIMCO Dynamic Income Fund has a one year low of $16.00 and a one year high of $20.17. The company’s fifty day moving average price is $18.12 and its two-hundred day moving average price is $18.70.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 12th will be given a dividend of $0.2205 per share. This represents a c) annualized dividend and a dividend yield of 14.2%. The ex-dividend date of this dividend is Thursday, February 12th.

PIMCO Dynamic Income Fund Company Profile

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.