PIMCO Dynamic Income Fund (NYSE:PDI) Sees Large Increase in Short Interest

by · The Cerbat Gem

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

Insider Transactions at PIMCO Dynamic Income Fund

In related news, Director Sonya Morris purchased 5,700 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was acquired at an average price of $14.02 per share, with a total value of $79,914.00. Following the purchase, the director directly owned 5,700 shares in the company, valued at approximately $79,914. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David C. Flattum purchased 17,448 shares of the business’s stock in a transaction on Tuesday, October 6th. The stock was bought at an average cost of $14.30 per share, with a total value of $249,506.40. Following the purchase, the director owned 17,448 shares in the company, valued at approximately $249,506.40. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 28,648 shares of company stock valued at $405,100.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

A number of large investors have recently added to or reduced their stakes in PDI. Allied Private Wealth LLC purchased a new stake in shares of PIMCO Dynamic Income Fund in the 2nd quarter worth about $30,000. CX Institutional purchased a new position in PIMCO Dynamic Income Fund during the 3rd quarter valued at about $46,000. First Horizon Corp purchased a new position in PIMCO Dynamic Income Fund during the 1st quarter valued at about $57,000. GHP Investment Advisors Inc. bought a new stake in PIMCO Dynamic Income Fund during the first quarter worth about $78,000. Finally, Versant Capital Management Inc bought a new stake in PIMCO Dynamic Income Fund during the third quarter worth about $88,000.

PIMCO Dynamic Income Fund Stock Down 1.2%

NYSE PDI traded down $0.17 on Monday, reaching $14.14. 2,334,256 shares of the company’s stock traded hands, compared to its average volume of 3,148,394. PIMCO Dynamic Income Fund has a 12 month low of $13.73 and a 12 month high of $19.00. The stock has a 50-day simple moving average of $14.62 and a 200 day simple moving average of $15.97.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be paid a dividend of $0.2205 per share. This represents a $2.65 dividend on an annualized basis and a dividend yield of 18.7%. The ex-dividend date of this dividend is Tuesday, October 13th.

PIMCO Dynamic Income Fund Company Profile

(Get Free Report)

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.

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