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

PIMCO High Income Fund (NYSE:PHK) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 418,016 shares, a decline of 41.9% from the December 15th total of 719,172 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 728,560 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 728,560 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of PIMCO High Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Guerra Advisors Inc bought a new position in PIMCO High Income Fund during the third quarter worth $28,000. Aspect Partners LLC purchased a new stake in PIMCO High Income Fund during the 3rd quarter worth about $29,000. Jane Street Group LLC purchased a new stake in shares of PIMCO High Income Fund in the second quarter worth $48,000. Private Trust Co. NA bought a new position in shares of PIMCO High Income Fund in the 3rd quarter worth $50,000. Finally, Zullo Investment Group Inc. bought a new position in PIMCO High Income Fund during the third quarter valued at approximately $50,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.

PIMCO High Income Fund Price Performance

Shares of PHK traded down $0.01 during mid-day trading on Thursday, hitting $4.90. 306,359 shares of the company traded hands, compared to its average volume of 774,826. PIMCO High Income Fund has a one year low of $4.18 and a one year high of $5.04. The business has a 50-day moving average of $4.86 and a 200 day moving average of $4.88.

PIMCO High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be paid a $0.048 dividend. The ex-dividend date is Tuesday, January 13th. This represents a c) annualized dividend and a yield of 11.8%.

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.