PIMCO High Income Fund (NYSE:PHK) Short Interest Down 37.3% in May

PIMCO High Income Fund (NYSE:PHK - Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 144,300 shares, a decrease of 37.3% from the April 30th total of 230,000 shares. Based on an average trading volume of 745,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company's shares are sold short.

PIMCO High Income Fund Trading Down 0.1%

NYSE:PHK traded down $0.01 during mid-day trading on Monday, hitting $4.75. The company had a trading volume of 406,962 shares, compared to its average volume of 632,149. PIMCO High Income Fund has a fifty-two week low of $4.18 and a fifty-two week high of $5.18. The business's fifty day moving average is $4.71 and its two-hundred day moving average is $4.85.

PIMCO High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a $0.048 dividend. This represents a $0.58 annualized dividend and a yield of 12.14%. The ex-dividend date is Monday, May 12th.

Hedge Funds Weigh In On PIMCO High Income Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Integrity Alliance LLC. acquired a new position in PIMCO High Income Fund in the first quarter valued at about $163,000. Baird Financial Group Inc. lifted its stake in PIMCO High Income Fund by 10.7% in the first quarter. Baird Financial Group Inc. now owns 168,584 shares of the investment management company's stock valued at $824,000 after buying an additional 16,288 shares during the period. Walleye Capital LLC lifted its stake in PIMCO High Income Fund by 212.0% in the first quarter. Walleye Capital LLC now owns 63,489 shares of the investment management company's stock valued at $310,000 after buying an additional 43,141 shares during the period. Ethos Financial Group LLC acquired a new position in PIMCO High Income Fund in the first quarter valued at about $96,000. Finally, Invesco Ltd. lifted its stake in PIMCO High Income Fund by 3.3% in the first quarter. Invesco Ltd. now owns 1,198,453 shares of the investment management company's stock valued at $5,860,000 after buying an additional 38,384 shares during the period. Institutional investors and hedge funds own 11.75% of the company's stock.

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.