Short Interest in PIMCO High Income Fund (NYSE:PHK) Declines By 14.2%

PIMCO High Income Fund (NYSE:PHK - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 114,800 shares, a decrease of 14.2% from the March 31st total of 133,800 shares. Based on an average daily trading volume, of 808,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company's shares are short sold.

Institutional Trading of PIMCO High Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of PHK. LPL Financial LLC raised its holdings in PIMCO High Income Fund by 54.3% during the 4th quarter. LPL Financial LLC now owns 1,624,495 shares of the investment management company's stock worth $7,895,000 after purchasing an additional 571,384 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of PIMCO High Income Fund by 84.1% during the 4th quarter. Guggenheim Capital LLC now owns 815,826 shares of the investment management company's stock worth $3,965,000 after buying an additional 372,623 shares in the last quarter. Noble Wealth Management PBC bought a new position in PIMCO High Income Fund during the fourth quarter worth $1,554,000. Apollon Wealth Management LLC increased its stake in PIMCO High Income Fund by 40.5% in the fourth quarter. Apollon Wealth Management LLC now owns 625,563 shares of the investment management company's stock valued at $3,040,000 after purchasing an additional 180,297 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of PIMCO High Income Fund during the fourth quarter valued at about $854,000. 11.75% of the stock is currently owned by institutional investors and hedge funds.

PIMCO High Income Fund Stock Up 0.2 %

NYSE PHK traded up $0.01 during trading hours on Thursday, reaching $4.78. The company's stock had a trading volume of 119,857 shares, compared to its average volume of 626,943. The firm has a fifty day simple moving average of $4.76 and a 200-day simple moving average of $4.89. PIMCO High Income Fund has a 52 week low of $4.18 and a 52 week high of $5.18.

PIMCO High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.048 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 12.05%.

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.