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

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 11,587 shares, a decline of 38.6% from the July 15th total of 18,876 shares. Based on an average daily trading volume, of 57,561 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in shares of PIMCO Global StocksPLUS & Income Fund by 4.6% during 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 last quarter. Kestra Advisory Services LLC grew its position in shares of PIMCO Global StocksPLUS & Income Fund by 88.1% during the fourth quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock worth $821,000 after buying an additional 42,097 shares in the last quarter. LPL Financial LLC increased its stake in shares of PIMCO Global StocksPLUS & Income Fund by 9.0% in the fourth quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock worth $1,620,000 after buying an additional 14,627 shares during the last quarter. Argyle Capital Partners LLC bought a new stake in shares of PIMCO Global StocksPLUS & Income Fund in the second quarter worth $121,000. Finally, CoreCap Advisors LLC raised its holdings 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 in the last quarter.

PIMCO Global StocksPLUS & Income Fund Stock Performance

PGP stock traded down $0.14 during trading on Tuesday, reaching $8.69. The stock had a trading volume of 35,969 shares, compared to its average volume of 48,092. The firm has a fifty day moving average price of $8.58 and a 200 day moving average price of $8.78. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $8.04 and a 1-year high of $9.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.069 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Thursday, August 13th.

About PIMCO Global StocksPLUS & Income Fund

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.