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

PIMCO High Income Fund (NYSE:PHK - Get Free Report) saw a large drop in short interest in April. As of April 30th, there was short interest totalling 58,800 shares, a drop of 24.0% from the April 15th total of 77,400 shares. Based on an average daily volume of 479,700 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On PIMCO High Income Fund

Several large investors have recently bought and sold shares of the business. LPL Financial LLC grew its position in shares of PIMCO High Income Fund by 1.0% in the 3rd quarter. LPL Financial LLC now owns 796,450 shares of the investment management company's stock valued at $3,520,000 after buying an additional 8,180 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of PIMCO High Income Fund by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 692,977 shares of the investment management company's stock worth $3,063,000 after purchasing an additional 13,066 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of PIMCO High Income Fund by 2,878.9% during the third quarter. Avantax Advisory Services Inc. now owns 311,687 shares of the investment management company's stock worth $1,378,000 after purchasing an additional 301,224 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of PIMCO High Income Fund by 7.6% in the 3rd quarter. Park Avenue Securities LLC now owns 234,011 shares of the investment management company's stock valued at $1,034,000 after purchasing an additional 16,593 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of PIMCO High Income Fund in the 4th quarter valued at about $1,147,000. Hedge funds and other institutional investors own 11.75% of the company's stock.

PIMCO High Income Fund Stock Up 0.2 %

PIMCO High Income Fund stock traded up $0.01 during trading on Friday, reaching $4.79. The stock had a trading volume of 456,444 shares, compared to its average volume of 568,629. PIMCO High Income Fund has a 52-week low of $4.13 and a 52-week high of $5.15. The business has a 50 day moving average price of $4.87 and a 200 day moving average price of $4.82.

PIMCO High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be paid a dividend of $0.048 per share. The ex-dividend date is Friday, May 10th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 12.03%.

About PIMCO High Income Fund

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.