PIMCO High Income Fund (NYSE:PHK – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 90,500 shares, a decline of 18.2% from the August 15th total of 110,600 shares. Based on an average trading volume of 533,200 shares, the days-to-cover ratio is presently 0.2 days.
PIMCO High Income Fund Trading Down 1.0 %
NYSE PHK opened at $4.91 on Monday. The stock has a 50 day moving average price of $4.83 and a 200-day moving average price of $4.84. PIMCO High Income Fund has a one year low of $4.13 and a one year high of $5.04.
PIMCO High Income Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.048 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.58 annualized dividend and a yield of 11.73%.
Institutional Investors Weigh In On PIMCO High Income Fund
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.
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