PIMCO Access Income Fund (NYSE:PAXS) Sees Significant Decline in Short Interest

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 20,000 shares, a decrease of 85.9% from the November 30th total of 141,800 shares. Based on an average trading volume of 206,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in PIMCO Access Income Fund in the 3rd quarter worth approximately $67,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in PIMCO Access Income Fund during the third quarter valued at approximately $181,000. Private Advisor Group LLC bought a new position in PIMCO Access Income Fund in the third quarter worth approximately $252,000. Chicago Partners Investment Group LLC grew its position in shares of PIMCO Access Income Fund by 20.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 31,076 shares of the company’s stock valued at $506,000 after acquiring an additional 5,264 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of PIMCO Access Income Fund in the 2nd quarter worth $544,000.

PIMCO Access Income Fund Stock Down 0.4 %

Shares of PAXS stock traded down $0.07 during midday trading on Thursday, reaching $15.63. 681,019 shares of the stock were exchanged, compared to its average volume of 184,402. The company’s 50 day moving average is $16.14 and its two-hundred day moving average is $15.99. PIMCO Access Income Fund has a 1 year low of $14.17 and a 1 year high of $17.24.

PIMCO Access Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be issued a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date of this dividend is Thursday, December 12th.

About PIMCO Access Income Fund

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.