PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Down 17.3% in January

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 354,127 shares, a decrease of 17.3% from the January 15th total of 428,022 shares. Based on an average daily trading volume, of 2,449,846 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 2,449,846 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PDI. Landscape Capital Management L.L.C. bought a new position in shares of PIMCO Dynamic Income Fund during the 4th quarter valued at about $1,303,000. Brown Advisory Inc. lifted its stake in PIMCO Dynamic Income Fund by 29.8% during the fourth quarter. Brown Advisory Inc. now owns 71,574 shares of the company’s stock valued at $1,268,000 after purchasing an additional 16,434 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in PIMCO Dynamic Income Fund by 32.0% during the fourth quarter. Kestra Advisory Services LLC now owns 350,190 shares of the company’s stock worth $6,202,000 after buying an additional 84,877 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. acquired a new position in PIMCO Dynamic Income Fund in the fourth quarter worth approximately $2,707,000. Finally, Quarry LP bought a new position in shares of PIMCO Dynamic Income Fund in the fourth quarter valued at $1,569,000.

PIMCO Dynamic Income Fund Stock Performance

Shares of NYSE PDI traded down $0.06 during midday trading on Monday, hitting $18.63. 2,442,419 shares of the company’s stock were exchanged, compared to its average volume of 3,139,471. PIMCO Dynamic Income Fund has a twelve month low of $16.00 and a twelve month high of $20.17. The stock’s 50 day moving average price is $18.11 and its 200-day moving average price is $18.70.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be issued a $0.2205 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 14.2%.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.