PIMCO Access Income Fund (NYSE:PAXS – Get Free Report) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 38,509 shares, a drop of 42.9% from the May 14th total of 67,483 shares. Based on an average daily volume of 204,858 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in PIMCO Access Income Fund in the fourth quarter worth $34,000. GHP Investment Advisors Inc. bought a new position in PIMCO Access Income Fund in the first quarter worth $41,000. Advisory Services Network LLC bought a new position in PIMCO Access Income Fund in the third quarter worth $61,000. Activest Wealth Management bought a new position in PIMCO Access Income Fund in the fourth quarter worth $115,000. Finally, LifePlan Investment Advisors Inc. bought a new position in PIMCO Access Income Fund in the third quarter worth $163,000.
PIMCO Access Income Fund Stock Up 1.0%
PAXS stock traded up $0.14 during midday trading on Tuesday, hitting $14.24. The stock had a trading volume of 164,224 shares, compared to its average volume of 221,499. PIMCO Access Income Fund has a 52 week low of $13.74 and a 52 week high of $16.56. The stock has a 50-day simple moving average of $14.37 and a 200 day simple moving average of $15.03.
PIMCO Access Income Fund Dividend Announcement
PIMCO Access Income Fund Company Profile
The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.
PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.
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