PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 54.2% in July

PIMCO Access Income Fund (NYSE:PAXS) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 37,404 shares, a decrease of 54.2% from the July 15th total of 81,605 shares. Based on an average daily volume of 181,737 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO Access Income Fund Stock Down 0.8%

PAXS traded down $0.11 during trading hours on Monday, reaching $14.16. The company’s stock had a trading volume of 138,926 shares, compared to its average volume of 206,924. The company’s 50-day moving average is $14.31 and its 200-day moving average is $14.63. PIMCO Access Income Fund has a 52 week low of $13.74 and a 52 week high of $16.56.

PIMCO Access Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a $0.1494 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 12.7%.

Institutional Investors Weigh In On PIMCO Access Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in PAXS. Wells Fargo & Company MN raised its holdings in shares of PIMCO Access Income Fund by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,768,979 shares of the company’s stock worth $27,065,000 after buying an additional 51,523 shares in the last quarter. SOL Capital Management CO boosted its stake in PIMCO Access Income Fund by 2.8% in the fourth quarter. SOL Capital Management CO now owns 1,471,674 shares of the company’s stock valued at $22,517,000 after buying an additional 39,829 shares in the last quarter. Royal Bank of Canada grew its position in PIMCO Access Income Fund by 12.5% in the first quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock valued at $16,612,000 after acquiring an additional 127,806 shares during the last quarter. Cohen & Steers Inc. grew its position in PIMCO Access Income Fund by 4.2% in the fourth quarter. Cohen & Steers Inc. now owns 911,766 shares of the company’s stock valued at $13,950,000 after acquiring an additional 36,392 shares during the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. raised its stake in PIMCO Access Income Fund by 55.3% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 747,910 shares of the company’s stock worth $11,443,000 after acquiring an additional 266,473 shares in the last quarter.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.