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

PIMCO High Income Fund (NYSE:PHK) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 664,076 shares, a growth of 25.4% from the February 26th total of 529,403 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,064,681 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On PIMCO High Income Fund

A number of institutional investors have recently modified their holdings of PHK. Guerra Advisors Inc acquired a new position in shares of PIMCO High Income Fund during the third quarter worth approximately $28,000. Aspect Partners LLC acquired a new position in PIMCO High Income Fund during the 3rd quarter worth $29,000. Cornerstone Planning Group LLC boosted its position 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 valued at $31,000 after buying an additional 6,259 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of PIMCO High Income Fund in the 2nd quarter valued at $48,000. Finally, Zullo Investment Group Inc. acquired a new stake in shares of PIMCO High Income Fund in the 3rd quarter valued at $50,000. 11.75% of the stock is owned by institutional investors.

PIMCO High Income Fund Stock Performance

Shares of NYSE:PHK traded up $0.01 during midday trading on Monday, reaching $4.46. The company’s stock had a trading volume of 911,098 shares, compared to its average volume of 805,889. The business’s fifty day simple moving average is $4.84 and its 200-day simple moving average is $4.86. PIMCO High Income Fund has a fifty-two week low of $4.18 and a fifty-two week high of $5.04.

PIMCO High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be issued a dividend of $0.048 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 12.9%.

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.