PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Down 16.3% in November

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 416,100 shares, a drop of 16.3% from the October 31st total of 497,000 shares. Based on an average daily trading volume, of 2,026,500 shares, the short-interest ratio is currently 0.2 days.

PIMCO Dynamic Income Fund Price Performance

PIMCO Dynamic Income Fund stock opened at $19.16 on Friday. The company’s fifty day moving average price is $19.75 and its 200 day moving average price is $19.31. PIMCO Dynamic Income Fund has a 1 year low of $17.16 and a 1 year high of $20.90.

PIMCO Dynamic Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be given a $0.2205 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $2.65 annualized dividend and a dividend yield of 13.81%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PDI. LPL Financial LLC increased its stake in PIMCO Dynamic Income Fund by 4.9% during the 2nd quarter. LPL Financial LLC now owns 2,529,792 shares of the company’s stock worth $47,585,000 after buying an additional 118,309 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of PIMCO Dynamic Income Fund by 7.7% in the second quarter. Atria Wealth Solutions Inc. now owns 1,462,858 shares of the company’s stock worth $27,552,000 after acquiring an additional 104,093 shares during the last quarter. PFG Investments LLC increased its position in shares of PIMCO Dynamic Income Fund by 10.3% during the third quarter. PFG Investments LLC now owns 1,051,960 shares of the company’s stock worth $21,323,000 after purchasing an additional 98,356 shares in the last quarter. Consolidated Capital Management LLC acquired a new position in PIMCO Dynamic Income Fund in the 3rd quarter valued at $14,076,000. Finally, Private Advisor Group LLC lifted its holdings in PIMCO Dynamic Income Fund by 5.4% in the 3rd quarter. Private Advisor Group LLC now owns 586,952 shares of the company’s stock valued at $11,898,000 after purchasing an additional 30,124 shares in the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.