PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 346.5% in June

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 835,910 shares, a growth of 346.5% from the May 31st total of 187,210 shares. Based on an average daily volume of 2,998,769 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in PIMCO Dynamic Income Fund during the first quarter worth about $359,000. Integrated Wealth Concepts LLC boosted its stake in shares of PIMCO Dynamic Income Fund by 106.8% in the first 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 during the period. Cerity Partners LLC purchased a new position in shares of PIMCO Dynamic Income Fund in the second quarter valued at approximately $751,000. NewEdge Advisors LLC grew its holdings in shares of PIMCO Dynamic Income Fund by 81.7% in the second quarter. NewEdge Advisors LLC now owns 172,573 shares of the company’s stock valued at $3,274,000 after purchasing an additional 77,586 shares in the last quarter. Finally, HUB Investment Partners LLC grew its holdings in shares of PIMCO Dynamic Income Fund by 5.3% in the second quarter. HUB Investment Partners LLC now owns 45,882 shares of the company’s stock valued at $870,000 after purchasing an additional 2,297 shares in the last quarter.

PIMCO Dynamic Income Fund Stock Up 0.6%

NYSE:PDI traded up $0.10 during trading hours on Friday, reaching $16.57. 2,984,398 shares of the stock were exchanged, compared to its average volume of 2,862,454. PIMCO Dynamic Income Fund has a twelve month low of $16.10 and a twelve month high of $20.17. The business has a 50-day moving average of $16.90 and a two-hundred day moving average of $17.54.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be issued a $0.2205 dividend. This represents a c) annualized dividend and a dividend yield of 16.0%. The ex-dividend date is Thursday, June 11th.

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.