PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 702.7% in January

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 428,022 shares, a growth of 702.7% from the December 31st total of 53,321 shares. Based on an average trading volume of 3,152,687 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 3,152,687 shares, the short-interest ratio is currently 0.1 days.

PIMCO Dynamic Income Fund Stock Performance

PDI stock traded up $0.03 on Thursday, hitting $18.23. 2,166,224 shares of the company were exchanged, compared to its average volume of 2,782,007. PIMCO Dynamic Income Fund has a twelve month low of $16.00 and a twelve month high of $20.17. The business’s fifty day moving average is $17.95 and its two-hundred day moving average is $18.75.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a $0.2205 dividend. This represents a c) annualized dividend and a dividend yield of 14.5%. The ex-dividend date of this dividend is Tuesday, January 13th.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in shares of PIMCO Dynamic Income Fund in the 1st quarter worth about $359,000. Integrated Wealth Concepts LLC raised its holdings in PIMCO Dynamic Income Fund by 106.8% in the first quarter. Integrated Wealth Concepts LLC now owns 27,432 shares of the company’s stock valued at $543,000 after buying an additional 14,166 shares during the period. ST Germain D J Co. Inc. lifted its position in PIMCO Dynamic Income Fund by 49.4% during the second quarter. ST Germain D J Co. Inc. now owns 3,615 shares of the company’s stock valued at $69,000 after buying an additional 1,196 shares in the last quarter. Venture Visionary Partners LLC grew its stake in PIMCO Dynamic Income Fund by 2.7% during the second quarter. Venture Visionary Partners LLC now owns 97,195 shares of the company’s stock worth $1,844,000 after buying an additional 2,584 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in PIMCO Dynamic Income Fund by 4.8% during the second quarter. Janney Montgomery Scott LLC now owns 343,707 shares of the company’s stock worth $6,520,000 after buying an additional 15,649 shares during the period.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.