PIMCO Dynamic Income Fund (NYSE:PDI) Stock Short Interest Report for October

PIMCO Dynamic Income Fund (NYSE:PDI) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,048,214 shares, a growth of 4,052.3% from the September 30th total of 25,244 shares. Based on an average daily trading volume, of 4,419,382 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling

In other news, Director Alan Rappaport purchased 5,500 shares of the stock in a transaction on Thursday, September 24th. The stock was bought at an average price of $13.76 per share, for a total transaction of $75,680.00. Following the acquisition, the director directly owned 9,313 shares of the company’s stock, valued at approximately $128,146.88. The trade was a 144.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sonya Morris purchased 5,700 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was bought at an average price of $14.02 per share, for a total transaction of $79,914.00. Following the completion of the purchase, the director directly owned 5,700 shares of the company’s stock, valued at $79,914. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 28,648 shares of company stock worth $405,100.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Gradient Investments LLC boosted its position in PIMCO Dynamic Income Fund by 34.2% during the third quarter. Gradient Investments LLC now owns 17,937 shares of the company’s stock worth $252,000 after acquiring an additional 4,574 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of PIMCO Dynamic Income Fund by 11.9% during the 2nd quarter. NewEdge Advisors LLC now owns 431,148 shares of the company’s stock worth $7,200,000 after purchasing an additional 45,979 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of PIMCO Dynamic Income Fund by 3.1% during the second quarter. Wedbush Securities Inc. now owns 75,428 shares of the company’s stock worth $1,260,000 after purchasing an additional 2,251 shares during the last quarter. Wealth Care LLC boosted its holdings in shares of PIMCO Dynamic Income Fund by 10.5% during the second quarter. Wealth Care LLC now owns 249,620 shares of the company’s stock worth $4,169,000 after purchasing an additional 23,750 shares during the last quarter. Finally, Stolper Co acquired a new stake in shares of PIMCO Dynamic Income Fund during the second quarter worth $542,000.

PIMCO Dynamic Income Fund Stock Performance

NYSE:PDI traded down $0.12 during midday trading on Tuesday, reaching $14.01. The stock had a trading volume of 536,968 shares, compared to its average volume of 3,134,278. The firm has a fifty day simple moving average of $14.60 and a two-hundred day simple moving average of $16.57. PIMCO Dynamic Income Fund has a 12-month low of $13.73 and a 12-month high of $19.00.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be given a $0.2205 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $2.65 annualized dividend and a dividend yield of 18.9%.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide current income as its primary objective and capital appreciation as a secondary objective.

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