PIMCO Dynamic Income Fund (NYSE:PDI) Stock Short Interest Declines 96.5%

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 25,244 shares, a decline of 96.5% from the September 15th total of 731,638 shares. Based on an average daily volume of 4,630,264 shares, the short-interest ratio is currently 0.0 days.

PIMCO Dynamic Income Fund Price Performance

Shares of NYSE PDI traded up $0.02 during midday trading on Friday, hitting $14.35. 3,609,546 shares of the company’s stock were exchanged, compared to its average volume of 3,125,536. The firm’s fifty day simple moving average is $14.99 and its 200-day simple moving average is $16.18. PIMCO Dynamic Income Fund has a twelve month low of $13.73 and a twelve month high of $19.93.

PIMCO Dynamic 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 given a $0.2205 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 18.4%. The ex-dividend date of this dividend is Tuesday, October 13th.

Insider Transactions at PIMCO Dynamic Income Fund

In other PIMCO Dynamic Income Fund news, Director David C. Flattum purchased 17,448 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were bought at an average cost of $14.30 per share, for a total transaction of $249,506.40. Following the completion of the purchase, the director directly owned 17,448 shares in the company, valued at approximately $249,506.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sonya Morris purchased 5,700 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were acquired at an average cost of $14.02 per share, with a total value of $79,914.00. Following the completion of the acquisition, the director directly owned 5,700 shares in the company, valued at $79,914. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 28,648 shares of company stock valued at $405,100.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of PDI. Allied Private Wealth LLC acquired a new stake in PIMCO Dynamic Income Fund in the second quarter valued at $30,000. Sankala Group LLC purchased a new position in shares of PIMCO Dynamic Income Fund in the 4th quarter valued at about $55,000. CX Institutional acquired a new stake in shares of PIMCO Dynamic Income Fund in the third quarter valued at about $46,000. First Horizon Corp purchased a new stake in PIMCO Dynamic Income Fund during the first quarter worth about $57,000. Finally, SHP Wealth Management acquired a new position in PIMCO Dynamic Income Fund during the fourth quarter worth about $64,000.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol PDI. The fund seeks to provide current income while also pursuing capital appreciation as a secondary objective. It is advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager and a subsidiary of Allianz Group.

The fund invests primarily in a diversified portfolio of fixed-income instruments and other income-producing assets. Its holdings may include mortgage-related securities, high-yield and investment-grade corporate bonds, sovereign and emerging-market debt, bank loans, asset-backed securities and other credit investments.