PIMCO High Income Fund (NYSE:PHK) Short Interest Up 113.9% in June

PIMCO High Income Fund (NYSE:PHK) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 255,335 shares, an increase of 113.9% from the May 31st total of 119,345 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 681,480 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of PIMCO High Income Fund

Large investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised its holdings in shares of PIMCO High Income Fund by 31,295.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 6,279 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 6,259 shares during the last quarter. Jane Street Group LLC purchased a new stake in PIMCO High Income Fund in the second quarter worth approximately $48,000. Bank of New York Mellon Corp bought a new stake in PIMCO High Income Fund in the 1st quarter worth approximately $50,000. Glenview Trust Co bought a new stake in PIMCO High Income Fund in the 4th quarter worth approximately $63,000. Finally, Integrity Advisory Solutions LLC purchased a new stake in PIMCO High Income Fund during the 3rd quarter valued at $65,000. 11.75% of the stock is currently owned by institutional investors.

PIMCO High Income Fund Trading Down 0.1%

NYSE PHK opened at $4.66 on Thursday. PIMCO High Income Fund has a one year low of $4.41 and a one year high of $5.04. The stock has a 50-day moving average of $4.58 and a 200 day moving average of $4.73.

PIMCO High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be issued a dividend of $0.048 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Monday, July 13th.

PIMCO High Income Fund Company Profile

The PIMCO High Income Fund (NYSE: PHK) is a closed-end management investment company that seeks to deliver high current income with a secondary focus on capital appreciation. The fund principally invests in a diversified portfolio of fixed-income securities, including corporate high-yield bonds, emerging market debt, securitized products and leveraged loans. PHK may also employ derivatives to enhance income and manage portfolio duration.

PHK’s investment team pursues a benchmark-agnostic approach, allocating capital across credit sectors and global regions based on bottom-up credit analysis and macroeconomic outlooks.