Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Drops By 16.3%

PIMCO Dynamic Income Fund (NYSE:PDI) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 416,100 shares, a decrease of 16.3% from the October 31st total of 497,000 shares. Based on an average trading volume of 2,026,500 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO Dynamic Income Fund Price Performance

Shares of NYSE PDI opened at $19.16 on Monday. The stock’s 50-day simple moving average is $19.75 and its 200-day simple moving average is $19.31. PIMCO Dynamic Income Fund has a fifty-two week low of $17.16 and a fifty-two week high of $20.90.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.2205 dividend. This represents a $2.65 annualized dividend and a dividend yield of 13.81%. The ex-dividend date is Tuesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PDI. Paladin Wealth LLC acquired a new position in PIMCO Dynamic Income Fund during the third quarter worth approximately $29,000. Luken Investment Analytics LLC acquired a new position in shares of PIMCO Dynamic Income Fund in the 2nd quarter valued at $31,000. Sunbelt Securities Inc. raised its position in PIMCO Dynamic Income Fund by 50.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,400 shares of the company’s stock valued at $49,000 after purchasing an additional 800 shares during the last quarter. Baldwin Brothers LLC MA boosted its stake in PIMCO Dynamic Income Fund by 50.0% during the 2nd quarter. Baldwin Brothers LLC MA now owns 3,000 shares of the company’s stock worth $56,000 after purchasing an additional 1,000 shares during the period. Finally, Rothschild Investment LLC purchased a new position in PIMCO Dynamic Income Fund during the 2nd quarter worth $56,000.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.