PIMCO Access Income Fund (NYSE:PAXS) Short Interest Up 385.1% in May

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 32,500 shares, an increase of 385.1% from the May 15th total of 6,700 shares. Based on an average daily volume of 243,200 shares, the short-interest ratio is currently 0.1 days.

PIMCO Access Income Fund Trading Down 0.5%

PAXS stock opened at $14.92 on Friday. The stock has a 50-day moving average price of $15.08 and a two-hundred day moving average price of $15.63. PIMCO Access Income Fund has a 1 year low of $13.63 and a 1 year high of $17.24.

PIMCO Access Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be issued a dividend of $0.1494 per share. This represents a $1.79 dividend on an annualized basis and a yield of 12.02%. The ex-dividend date is Thursday, June 12th.

Hedge Funds Weigh In On PIMCO Access Income Fund

A number of large investors have recently added to or reduced their stakes in PAXS. Ieq Capital LLC bought a new position in PIMCO Access Income Fund during the 1st quarter worth about $4,015,000. Wells Fargo & Company MN boosted its stake in shares of PIMCO Access Income Fund by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,154,608 shares of the company’s stock worth $17,608,000 after buying an additional 234,128 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of PIMCO Access Income Fund during the 4th quarter worth about $1,942,000. World Investment Advisors boosted its stake in shares of PIMCO Access Income Fund by 92.1% during the 1st quarter. World Investment Advisors now owns 263,610 shares of the company’s stock worth $4,234,000 after buying an additional 126,410 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of PIMCO Access Income Fund during the 4th quarter worth about $1,192,000.

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.