PIMCO High Income Fund (NYSE:PHK) Short Interest Update

PIMCO High Income Fund (NYSE:PHK - Get Free Report) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,000 shares, a decrease of 97.1% from the March 15th total of 70,000 shares. Based on an average trading volume of 26,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of PIMCO High Income Fund

Several hedge funds have recently bought and sold shares of PHK. Nomura Holdings Inc. bought a new position in shares of PIMCO High Income Fund in the fourth quarter worth about $104,000. Livelsberger Financial Advisory bought a new position in shares of PIMCO High Income Fund in the fourth quarter worth about $734,000. Madison Wealth Partners Inc bought a new position in shares of PIMCO High Income Fund in the fourth quarter worth about $116,000. Waters Parkerson & CO. LLC bought a new position in shares of PIMCO High Income Fund in the fourth quarter worth about $106,000. Finally, Baird Financial Group Inc. boosted its stake in shares of PIMCO High Income Fund by 4.1% in the fourth quarter. Baird Financial Group Inc. now owns 148,756 shares of the investment management company's stock worth $742,000 after acquiring an additional 5,914 shares during the period. Institutional investors own 11.75% of the company's stock.

PIMCO High Income Fund Stock Down 1.0 %

PIMCO High Income Fund stock traded down $0.05 during mid-day trading on Wednesday, reaching $4.89. 763,888 shares of the stock traded hands, compared to its average volume of 481,481. PIMCO High Income Fund has a 12-month low of $4.13 and a 12-month high of $5.15. The business's 50-day moving average is $4.94 and its 200-day moving average is $4.74.

PIMCO High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be issued a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a yield of 11.78%. The ex-dividend date is Wednesday, April 10th.

PIMCO High Income Fund Company Profile

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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