PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Update

PIMCO Dynamic Income Fund (NYSE:PDI) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,257,528 shares, a growth of 719.1% from the February 26th total of 153,528 shares. Based on an average daily volume of 3,332,357 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 3,332,357 shares, the days-to-cover ratio is currently 0.4 days.

PIMCO Dynamic Income Fund Price Performance

Shares of NYSE:PDI opened at $16.78 on Wednesday. PIMCO Dynamic Income Fund has a one year low of $16.00 and a one year high of $20.17. The firm has a 50 day simple moving average of $18.12 and a 200 day simple moving average of $18.42.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a $0.2205 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 15.8%. The ex-dividend date is Thursday, March 12th.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several hedge funds have recently modified their holdings of the company. Gateway Wealth Partners LLC boosted its stake in shares of PIMCO Dynamic Income Fund by 54.3% during the second quarter. Gateway Wealth Partners LLC now owns 16,633 shares of the company’s stock valued at $316,000 after purchasing an additional 5,855 shares in the last quarter. Allium Financial Advisors LLC increased its stake in shares of PIMCO Dynamic Income Fund by 375.3% in the second quarter. Allium Financial Advisors LLC now owns 111,311 shares of the company’s stock valued at $2,112,000 after buying an additional 87,890 shares during the period. Guggenheim Capital LLC increased its stake in shares of PIMCO Dynamic Income Fund by 10.8% in the second quarter. Guggenheim Capital LLC now owns 633,263 shares of the company’s stock valued at $12,013,000 after buying an additional 61,939 shares during the period. WCG Wealth Advisors LLC raised its holdings in PIMCO Dynamic Income Fund by 60.7% in the 2nd quarter. WCG Wealth Advisors LLC now owns 26,396 shares of the company’s stock valued at $501,000 after buying an additional 9,968 shares during the last quarter. Finally, Scotia Capital Inc. raised its holdings in PIMCO Dynamic Income Fund by 2.9% in the 2nd quarter. Scotia Capital Inc. now owns 66,027 shares of the company’s stock valued at $1,253,000 after buying an additional 1,867 shares during the last quarter.

About PIMCO Dynamic Income Fund

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.