PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Short Interest Declines 36.6%

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 11,881 shares, a decline of 36.6% from the August 31st total of 18,750 shares. Based on an average trading volume of 65,736 shares, the short-interest ratio is presently 0.2 days.

PIMCO Global StocksPLUS & Income Fund Stock Up 2.2%

Shares of PGP stock opened at $8.41 on Friday. The stock’s 50-day moving average is $8.57 and its 200 day moving average is $8.64. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $8.04 and a 1-year high of $9.41.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a $0.0690 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Tuesday, October 13th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Rivernorth Capital Management LLC boosted its stake in PIMCO Global StocksPLUS & Income Fund by 1.0% in the second quarter. Rivernorth Capital Management LLC now owns 349,408 shares of the company’s stock valued at $3,012,000 after acquiring an additional 3,457 shares in the last quarter. Cetera Investment Advisers grew its holdings in PIMCO Global StocksPLUS & Income Fund by 4.6% in the first quarter. Cetera Investment Advisers now owns 31,282 shares of the company’s stock worth $261,000 after purchasing an additional 1,387 shares during the last quarter. Fifth Third Bancorp purchased a new position in PIMCO Global StocksPLUS & Income Fund in the first quarter worth $128,000. Argyle Capital Partners LLC acquired a new position in shares of PIMCO Global StocksPLUS & Income Fund during the second quarter worth $121,000. Finally, CoreCap Advisors LLC increased its position in shares of PIMCO Global StocksPLUS & Income Fund by 44.6% during the second quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after purchasing an additional 3,300 shares in the last quarter.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a closed-end investment fund managed by PIMCO, a global investment management firm. The fund seeks total return through a combination of current income and long-term capital appreciation.

PGP uses a “StocksPLUS” approach, combining exposure to global equity markets with investments in fixed-income securities and related instruments. The fund may use derivatives, including equity-related contracts, to obtain or manage exposure to stocks while maintaining a portfolio designed to generate income.