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

PIMCO High Income Fund (NYSE:PHKGet Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 77,300 shares, an increase of 31.5% from the April 30th total of 58,800 shares. Based on an average daily volume of 479,700 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PHK. Cetera Investment Advisers raised its position in PIMCO High Income Fund by 307.0% during the 1st quarter. Cetera Investment Advisers now owns 726,061 shares of the investment management company’s stock worth $3,587,000 after purchasing an additional 547,667 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in PIMCO High Income Fund by 2,878.9% in the third quarter. Avantax Advisory Services Inc. now owns 311,687 shares of the investment management company’s stock valued at $1,378,000 after purchasing an additional 301,224 shares in the last quarter. Principal Securities Inc. bought a new position in shares of PIMCO High Income Fund during the 4th quarter worth about $1,147,000. Livelsberger Financial Advisory bought a new position in PIMCO High Income Fund in the fourth quarter worth approximately $734,000. Finally, Scotia Capital Inc. lifted its stake in shares of PIMCO High Income Fund by 449.1% in the fourth quarter. Scotia Capital Inc. now owns 124,927 shares of the investment management company’s stock valued at $623,000 after buying an additional 102,177 shares in the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

PIMCO High Income Fund Stock Up 0.1 %

Shares of PIMCO High Income Fund stock opened at $4.78 on Friday. PIMCO High Income Fund has a 1 year low of $4.13 and a 1 year high of $5.15. The firm’s 50 day moving average is $4.83 and its 200 day moving average is $4.84.

PIMCO High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a dividend of $0.048 per share. The ex-dividend date is Friday, May 10th. This represents a $0.58 dividend on an annualized basis and a yield of 12.06%.

About PIMCO High Income Fund

(Get Free Report)

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.

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