PIMCO High Income Fund (NYSE:PHK) Short Interest Update

PIMCO High Income Fund (NYSE:PHK) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,800,436 shares, an increase of 174.3% from the July 15th total of 656,459 shares. Based on an average daily volume of 1,309,153 shares, the short-interest ratio is currently 1.4 days. Currently, 1.0% of the company’s stock are short sold.

Hedge Funds Weigh In On PIMCO High Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PHK. Cornerstone Planning Group LLC boosted its holdings in PIMCO High Income Fund by 31,295.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 6,279 shares of the investment management company’s stock worth $31,000 after acquiring an additional 6,259 shares during the period. Jane Street Group LLC purchased a new stake in shares of PIMCO High Income Fund during the second quarter valued at approximately $48,000. Bank of New York Mellon Corp purchased a new stake in shares of PIMCO High Income Fund during the second quarter valued at approximately $48,000. Glenview Trust Co acquired a new position in shares of PIMCO High Income Fund during the fourth quarter worth $63,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of PIMCO High Income Fund during the second quarter worth $72,000. 11.75% of the stock is owned by institutional investors and hedge funds.

PIMCO High Income Fund Trading Down 1.0%

Shares of NYSE PHK opened at $4.64 on Friday. The stock has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.69. PIMCO High Income Fund has a 12-month low of $4.41 and a 12-month high of $5.04.

PIMCO High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be paid a $0.048 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

About PIMCO High Income Fund

The PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK’s investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.