PIMCO Dynamic Income Fund (NYSE:PDI) Stock Short Interest Report for September

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 25,244 shares, a drop of 96.5% from the September 15th total of 731,638 shares. Based on an average daily trading volume, of 4,630,264 shares, the short-interest ratio is presently 0.0 days.

Insiders Place Their Bets

In related news, Director Alan Rappaport acquired 5,500 shares of the stock in a transaction on Thursday, September 24th. The shares were acquired at an average price of $13.76 per share, with a total value of $75,680.00. Following the completion of the transaction, the director owned 9,313 shares in the company, valued at approximately $128,146.88. The trade was a 144.24% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David C. Flattum bought 17,448 shares of the company’s stock in a transaction on Tuesday, October 6th. The stock was bought at an average price of $14.30 per share, for a total transaction of $249,506.40. Following the completion of the purchase, the director owned 17,448 shares of the company’s stock, valued at approximately $249,506.40. The trade was 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 have purchased 28,648 shares of company stock valued at $405,100.

Hedge Funds Weigh In On PIMCO Dynamic Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PDI. Independent Financial Group LLC purchased a new stake in shares of PIMCO Dynamic Income Fund during the 1st quarter valued at approximately $8,898,000. Arkadios Wealth Advisors grew its stake in PIMCO Dynamic Income Fund by 2,177.6% in the 1st quarter. Arkadios Wealth Advisors now owns 380,364 shares of the company’s stock valued at $6,508,000 after buying an additional 363,664 shares in the last quarter. Sentinel Advisory Group LLC bought a new stake in PIMCO Dynamic Income Fund during the 1st quarter valued at $5,856,000. Wealth Care LLC bought a new stake in PIMCO Dynamic Income Fund during the 1st quarter valued at $3,865,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of PIMCO Dynamic Income Fund by 206.5% during the first quarter. PNC Financial Services Group Inc. now owns 249,215 shares of the company’s stock worth $4,264,000 after acquiring an additional 167,912 shares in the last quarter.

PIMCO Dynamic Income Fund Stock Performance

Shares of PDI traded up $0.02 during mid-day trading on Friday, hitting $14.35. The stock had a trading volume of 3,609,546 shares, compared to its average volume of 3,125,536. PIMCO Dynamic Income Fund has a 52 week low of $13.73 and a 52 week high of $19.93. The business has a fifty day moving average price of $14.99 and a 200-day moving average price of $16.18.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be paid a $0.2205 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 18.4%. The ex-dividend date is Tuesday, October 13th.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol PDI. The fund seeks to provide current income while also pursuing capital appreciation as a secondary objective. It is advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager and a subsidiary of Allianz Group.

The fund invests primarily in a diversified portfolio of fixed-income instruments and other income-producing assets. Its holdings may include mortgage-related securities, high-yield and investment-grade corporate bonds, sovereign and emerging-market debt, bank loans, asset-backed securities and other credit investments.