PIMCO High Income Fund (NYSE:PHK - Get Free Report) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 77,400 shares, a drop of 28.5% from the March 31st total of 108,200 shares. Based on an average daily volume of 460,500 shares, the days-to-cover ratio is presently 0.2 days.
Hedge Funds Weigh In On PIMCO High Income Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in shares of PIMCO High Income Fund by 21.0% during the fourth quarter. Private Advisor Group LLC now owns 13,675 shares of the investment management company's stock worth $68,000 after purchasing an additional 2,373 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of PIMCO High Income Fund by 2.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 91,574 shares of the investment management company's stock worth $457,000 after purchasing an additional 2,414 shares in the last quarter. Integrated Capital Management Inc. lifted its position in PIMCO High Income Fund by 6.7% in the 4th quarter. Integrated Capital Management Inc. now owns 40,765 shares of the investment management company's stock valued at $203,000 after acquiring an additional 2,547 shares in the last quarter. Carl P. Sherr & Co. LLC boosted its stake in PIMCO High Income Fund by 14.6% in the 4th quarter. Carl P. Sherr & Co. LLC now owns 36,800 shares of the investment management company's stock worth $184,000 after purchasing an additional 4,700 shares during the period. Finally, Mutual Advisors LLC boosted its stake in PIMCO High Income Fund by 62.2% in the 4th quarter. Mutual Advisors LLC now owns 17,477 shares of the investment management company's stock worth $87,000 after purchasing an additional 6,700 shares during the period. 11.75% of the stock is owned by institutional investors.
PIMCO High Income Fund Trading Up 1.5 %
Shares of NYSE PHK traded up $0.07 during midday trading on Friday, reaching $4.79. 380,157 shares of the stock were exchanged, compared to its average volume of 488,439. The business has a 50-day simple moving average of $4.89 and a two-hundred day simple moving average of $4.77. PIMCO High Income Fund has a 12 month low of $4.13 and a 12 month high of $5.15.
PIMCO High Income Fund Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a dividend of $0.048 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 12.03%.
About PIMCO High Income Fund
(
Get Free Report)
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.
See Also
Before you consider PIMCO High Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PIMCO High Income Fund wasn't on the list.
While PIMCO High Income Fund currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
