PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Update

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 18,750 shares, a drop of 58.9% from the August 15th total of 45,653 shares. Based on an average trading volume of 45,690 shares, the short-interest ratio is presently 0.4 days.

PIMCO Global StocksPLUS & Income Fund Stock Performance

NYSE PGP traded down $0.09 on Monday, reaching $8.42. The company’s stock had a trading volume of 127,856 shares, compared to its average volume of 48,852. The business has a 50-day moving average price of $8.65 and a 200 day moving average price of $8.71. PIMCO Global StocksPLUS & Income Fund has a 52 week low of $8.04 and a 52 week high of $9.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The business 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 $0.069 per share. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Friday, September 11th.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

A number of hedge funds have recently modified their holdings of the stock. Rivernorth Capital Management LLC boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 1.0% in the 2nd quarter. Rivernorth Capital Management LLC now owns 349,408 shares of the company’s stock valued at $3,012,000 after purchasing an additional 3,457 shares in the last quarter. Argyle Capital Partners LLC bought a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the 2nd quarter valued at $121,000. Cetera Investment Advisers raised its position in shares of PIMCO Global StocksPLUS & Income Fund by 4.6% in the 1st quarter. Cetera Investment Advisers now owns 31,282 shares of the company’s stock valued at $261,000 after acquiring an additional 1,387 shares during the period. CoreCap Advisors LLC grew its stake in PIMCO Global StocksPLUS & Income Fund by 44.6% in the second quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock valued at $92,000 after acquiring an additional 3,300 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the first quarter worth $128,000.

PIMCO Global StocksPLUS & Income Fund Company Profile

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.