PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 511.9% in July

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 514,648 shares, an increase of 511.9% from the June 30th total of 84,101 shares. Based on an average daily trading volume, of 2,501,365 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of PIMCO Dynamic Income Fund

Several institutional investors have recently modified their holdings of the stock. Allied Private Wealth LLC acquired a new position in shares of PIMCO Dynamic Income Fund during the 2nd quarter worth about $30,000. Heritage Wealth Advisors acquired a new stake in PIMCO Dynamic Income Fund in the 4th quarter worth about $35,000. Sankala Group LLC purchased a new stake in PIMCO Dynamic Income Fund during the 4th quarter worth approximately $55,000. First Horizon Corp acquired a new position in shares of PIMCO Dynamic Income Fund during the first quarter valued at approximately $57,000. Finally, WFA of San Diego LLC purchased a new position in shares of PIMCO Dynamic Income Fund in the second quarter valued at approximately $64,000.

PIMCO Dynamic Income Fund Price Performance

PIMCO Dynamic Income Fund stock traded down $0.06 during trading on Friday, reaching $16.02. The company had a trading volume of 2,349,644 shares, compared to its average volume of 2,795,685. The firm’s 50-day simple moving average is $16.54 and its 200 day simple moving average is $17.36. PIMCO Dynamic Income Fund has a 1-year low of $15.94 and a 1-year high of $20.17.

PIMCO Dynamic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a dividend of $0.2205 per share. This represents a c) annualized dividend and a yield of 16.5%. The ex-dividend date of this dividend is Monday, July 13th.

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.