PIMCO Access Income Fund (NYSE:PAXS) Stock Short Interest Jumps 60.3%

PIMCO Access Income Fund (NYSE:PAXS) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 64,993 shares, a growth of 60.3% from the August 31st total of 40,534 shares. Based on an average daily volume of 260,617 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of PIMCO Access Income Fund

Several hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. purchased a new stake in shares of PIMCO Access Income Fund in the first quarter valued at about $41,000. Focus Financial Network Inc. purchased a new position in PIMCO Access Income Fund during the second quarter worth about $154,000. Baird Financial Group Inc. acquired a new stake in PIMCO Access Income Fund in the second quarter valued at about $243,000. Wealth Care LLC acquired a new stake in PIMCO Access Income Fund in the first quarter valued at about $362,000. Finally, Independent Financial Group LLC purchased a new stake in PIMCO Access Income Fund in the 1st quarter valued at approximately $411,000.

PIMCO Access Income Fund Price Performance

Shares of PIMCO Access Income Fund stock traded up $0.03 during trading hours on Thursday, hitting $13.26. 289,561 shares of the company were exchanged, compared to its average volume of 223,138. PIMCO Access Income Fund has a 1 year low of $12.92 and a 1 year high of $16.56. The business has a 50-day moving average of $13.90 and a 200-day moving average of $14.20.

PIMCO Access Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a $0.1494 dividend. This represents a $1.79 annualized dividend and a yield of 13.5%. The ex-dividend date of this dividend is Friday, September 11th.

About PIMCO Access Income Fund

PIMCO Access Income Fund (NYSE:PAXS) is a closed-end management investment company advised by Pacific Investment Management Company LLC, commonly known as PIMCO. The fund seeks to provide current income while also pursuing capital appreciation as a secondary objective.

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