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

PIMCO High Income Fund (NYSE:PHK) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 33,700 shares, a drop of 62.0% from the June 15th total of 88,600 shares. Based on an average daily volume of 477,200 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO High Income Fund Stock Performance

Shares of PHK traded down $0.05 during mid-day trading on Thursday, reaching $4.79. 641,874 shares of the company’s stock traded hands, compared to its average volume of 477,051. The business’s 50-day moving average price is $4.81 and its 200-day moving average price is $4.87. PIMCO High Income Fund has a 12 month low of $4.13 and a 12 month high of $5.15.

PIMCO High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, July 11th will be given a dividend of $0.048 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.58 dividend on an annualized basis and a yield of 12.03%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC lifted its position in PIMCO High Income Fund by 21.0% in the fourth quarter. Private Advisor Group LLC now owns 13,675 shares of the investment management company’s stock worth $68,000 after purchasing an additional 2,373 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of PIMCO High Income Fund by 2.7% in the fourth quarter. Kingsview Wealth Management LLC now owns 91,574 shares of the investment management company’s stock valued at $457,000 after buying an additional 2,414 shares during the period. Avantax Advisory Services Inc. boosted its stake in PIMCO High Income Fund by 21.6% during the first quarter. Avantax Advisory Services Inc. now owns 14,051 shares of the investment management company’s stock valued at $69,000 after buying an additional 2,500 shares in the last quarter. Integrated Capital Management Inc. grew its holdings in PIMCO High Income Fund by 6.7% during the fourth quarter. Integrated Capital Management Inc. now owns 40,765 shares of the investment management company’s stock worth $203,000 after acquiring an additional 2,547 shares during the period. Finally, Carl P. Sherr & Co. LLC raised its position in PIMCO High Income Fund by 14.6% in the fourth quarter. Carl P. Sherr & Co. LLC now owns 36,800 shares of the investment management company’s stock worth $184,000 after acquiring an additional 4,700 shares in the last quarter. Institutional investors own 11.75% of the company’s stock.

About PIMCO High Income Fund

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.