Short Interest in PIMCO Dynamic Income Fund (NYSE:PDI) Increases By 511.9%

PIMCO Dynamic Income Fund (NYSE:PDIGet Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 514,648 shares, a growth of 511.9% from the June 30th total of 84,101 shares. Based on an average trading volume of 2,501,365 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO Dynamic Income Fund Price Performance

Shares of NYSE PDI opened at $16.08 on Monday. PIMCO Dynamic Income Fund has a one year low of $15.94 and a one year high of $20.17. The firm has a fifty day moving average of $16.54 and a 200 day moving average of $17.36.

PIMCO Dynamic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a dividend of $0.2205 per share. This represents a c) annualized dividend and a yield of 16.5%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Several large investors have recently bought and sold shares of the stock. Verity Asset Management Inc. boosted its stake in PIMCO Dynamic Income Fund by 12.9% during the 4th quarter. Verity Asset Management Inc. now owns 41,769 shares of the company’s stock worth $740,000 after purchasing an additional 4,760 shares during the period. LifeWealth Investments LLC grew its holdings in shares of PIMCO Dynamic Income Fund by 3.4% in the 4th quarter. LifeWealth Investments LLC now owns 335,156 shares of the company’s stock worth $5,936,000 after acquiring an additional 10,942 shares during the period. PFG Investments LLC increased its stake in PIMCO Dynamic Income Fund by 2.6% in the 4th quarter. PFG Investments LLC now owns 1,451,877 shares of the company’s stock valued at $25,713,000 after purchasing an additional 36,772 shares in the last quarter. Means Investment CO. Inc. raised its holdings in PIMCO Dynamic Income Fund by 1.4% during the fourth quarter. Means Investment CO. Inc. now owns 131,452 shares of the company’s stock worth $2,328,000 after purchasing an additional 1,860 shares during the last quarter. Finally, BCS Wealth Management boosted its position in PIMCO Dynamic Income Fund by 100.0% during the fourth quarter. BCS Wealth Management now owns 27,808 shares of the company’s stock worth $492,000 after purchasing an additional 13,904 shares in the last quarter.

PIMCO Dynamic Income Fund Company Profile

(Get Free Report)

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.

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