PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 55.3% in June

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 37,404 shares, a decline of 55.3% from the June 15th total of 83,758 shares. Based on an average daily volume of 154,676 shares, the short-interest ratio is presently 0.2 days.

PIMCO Access Income Fund Price Performance

Shares of PIMCO Access Income Fund stock traded up $0.07 during trading on Wednesday, hitting $14.54. 169,816 shares of the stock traded hands, compared to its average volume of 211,106. The firm’s fifty day moving average is $14.30 and its 200-day moving average is $14.86. 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 company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a $0.1494 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) annualized dividend and a yield of 12.3%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PAXS. Kestra Advisory Services LLC bought a new position in shares of PIMCO Access Income Fund during the 4th quarter valued at $34,000. GHP Investment Advisors Inc. bought a new position in shares of PIMCO Access Income Fund during the first quarter valued at about $41,000. Advisory Services Network LLC purchased a new position in shares of PIMCO Access Income Fund in the third quarter worth about $61,000. Activest Wealth Management purchased a new position in shares of PIMCO Access Income Fund in the fourth quarter worth about $115,000. Finally, Focus Financial Network Inc. bought a new stake in shares of PIMCO Access Income Fund in the 2nd quarter valued at about $154,000.

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.