Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Increases By 57.8%

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 724,736 shares, an increase of 57.8% from the July 30th total of 459,285 shares. Based on an average trading volume of 2,769,326 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allied Private Wealth LLC bought a new stake in PIMCO Dynamic Income Fund in the 2nd quarter valued at about $30,000. Heritage Wealth Advisors purchased a new position in shares of PIMCO Dynamic Income Fund in the fourth quarter worth about $35,000. Sankala Group LLC purchased a new stake in shares of PIMCO Dynamic Income Fund during the 4th quarter valued at approximately $55,000. First Horizon Corp purchased a new stake in shares of PIMCO Dynamic Income Fund during the 1st quarter valued at approximately $57,000. Finally, SHP Wealth Management bought a new position in PIMCO Dynamic Income Fund in the 4th quarter worth approximately $64,000.

PIMCO Dynamic Income Fund Stock Performance

Shares of PDI stock opened at $15.32 on Thursday. The company has a 50 day moving average of $16.04 and a 200-day moving average of $16.84. PIMCO Dynamic Income Fund has a 12-month low of $14.88 and a 12-month high of $20.17.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be issued a dividend of $0.2205 per share. This represents a c) annualized dividend and a yield of 17.3%. The ex-dividend date of this dividend is Friday, September 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.