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

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 11,881 shares, a decline of 36.6% from the August 31st total of 18,750 shares. Based on an average daily volume of 65,736 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

A number of hedge funds have recently added to or reduced their stakes in PGP. Rivernorth Capital Management LLC increased its stake in 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 buying an additional 3,457 shares during the period. Argyle Capital Partners LLC bought a new position in PIMCO Global StocksPLUS & Income Fund during the second quarter valued at about $121,000. CoreCap Advisors LLC lifted its holdings in PIMCO Global StocksPLUS & Income Fund by 44.6% during the 2nd quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock valued at $92,000 after purchasing an additional 3,300 shares during the last quarter. Cetera Investment Advisers grew its holdings 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 buying an additional 1,387 shares during the period. Finally, Fifth Third Bancorp bought a new position in PIMCO Global StocksPLUS & Income Fund during the first quarter worth about $128,000.

PIMCO Global StocksPLUS & Income Fund Price Performance

NYSE:PGP traded up $0.10 on Friday, reaching $8.34. The stock had a trading volume of 12,034 shares, compared to its average volume of 48,691. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $8.04 and a 1-year high of $9.41. The stock has a fifty day moving average price of $8.57 and a 200-day moving average price of $8.64.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be issued a dividend of $0.0690 per share. The ex-dividend date is Tuesday, October 13th. This represents a $0.83 annualized dividend and a yield of 9.9%.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a closed-end investment fund managed by PIMCO, a global investment management firm. The fund seeks total return through a combination of current income and long-term capital appreciation.

PGP uses a “StocksPLUS” approach, combining exposure to global equity markets with investments in fixed-income securities and related instruments. The fund may use derivatives, including equity-related contracts, to obtain or manage exposure to stocks while maintaining a portfolio designed to generate income.