PIMCO Access Income Fund (NYSE:PAXS – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 83,758 shares, a growth of 117.5% from the May 31st total of 38,509 shares. Based on an average trading volume of 211,754 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its stake in shares of PIMCO Access Income Fund by 1.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 42,273 shares of the company’s stock valued at $647,000 after purchasing an additional 643 shares in the last quarter. Comerica Bank raised its stake in PIMCO Access Income Fund by 2.8% in the fourth quarter. Comerica Bank now owns 28,637 shares of the company’s stock worth $438,000 after buying an additional 779 shares in the last quarter. Cetera Investment Advisers lifted its holdings in PIMCO Access Income Fund by 6.9% in the fourth quarter. Cetera Investment Advisers now owns 25,849 shares of the company’s stock worth $395,000 after buying an additional 1,678 shares during the period. Journey Strategic Wealth LLC boosted its position in PIMCO Access Income Fund by 3.7% during the 3rd quarter. Journey Strategic Wealth LLC now owns 56,650 shares of the company’s stock valued at $922,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in PIMCO Access Income Fund during the 4th quarter valued at approximately $34,000.
PIMCO Access Income Fund Stock Performance
PAXS opened at $14.44 on Tuesday. The stock’s 50 day simple moving average is $14.32 and its 200 day simple moving average is $14.92. PIMCO Access Income Fund has a 1 year low of $13.74 and a 1 year high of $16.56.
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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