Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Drops By 52.0%

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 187,210 shares, a drop of 52.0% from the May 14th total of 389,884 shares. Based on an average daily volume of 2,581,182 shares, the short-interest ratio is presently 0.1 days.

PIMCO Dynamic Income Fund Stock Down 0.6%

NYSE:PDI traded down $0.10 during mid-day trading on Friday, reaching $16.34. The stock had a trading volume of 3,232,833 shares, compared to its average volume of 2,849,107. PIMCO Dynamic Income Fund has a 1-year low of $16.25 and a 1-year high of $20.17. The stock’s 50 day simple moving average is $17.09 and its two-hundred day simple moving average is $17.66.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be issued a $0.2205 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 16.2%.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of large investors have recently bought and sold shares of the business. Sovran Advisors LLC lifted its holdings in PIMCO Dynamic Income Fund by 1.3% in the first quarter. Sovran Advisors LLC now owns 45,337 shares of the company’s stock worth $791,000 after acquiring an additional 593 shares during the last quarter. Capital CS Group LLC lifted its holdings in PIMCO Dynamic Income Fund by 3.1% in the third quarter. Capital CS Group LLC now owns 20,806 shares of the company’s stock worth $412,000 after acquiring an additional 630 shares during the last quarter. Certified Advisory Corp lifted its holdings in PIMCO Dynamic Income Fund by 2.2% in the first quarter. Certified Advisory Corp now owns 30,705 shares of the company’s stock worth $525,000 after acquiring an additional 650 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in PIMCO Dynamic Income Fund by 4.8% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 14,286 shares of the company’s stock worth $253,000 after acquiring an additional 656 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in PIMCO Dynamic Income Fund by 2.0% in the fourth quarter. IHT Wealth Management LLC now owns 35,759 shares of the company’s stock worth $633,000 after acquiring an additional 690 shares during the last quarter.

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.