Short Interest in PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Declines By 39.5%

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 30,414 shares, a decrease of 39.5% from the April 30th total of 50,310 shares. Based on an average daily volume of 44,941 shares, the days-to-cover ratio is presently 0.7 days.

PIMCO Global StocksPLUS & Income Fund Stock Down 0.4%

Shares of PGP opened at $8.84 on Tuesday. The stock has a 50 day moving average price of $8.77 and a 200 day moving average price of $8.91. PIMCO Global StocksPLUS & Income Fund has a 52-week low of $7.92 and a 52-week high of $9.41.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a $0.069 dividend. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend was Monday, May 11th.

Hedge Funds Weigh In On PIMCO Global StocksPLUS & Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 49 Wealth Management LLC acquired a new position in PIMCO Global StocksPLUS & Income Fund in the third quarter valued at approximately $107,000. Fifth Third Bancorp acquired a new position in PIMCO Global StocksPLUS & Income Fund in the first quarter valued at approximately $128,000. Cetera Investment Advisers boosted its holdings in PIMCO Global StocksPLUS & Income Fund by 7.3% in the second quarter. Cetera Investment Advisers now owns 19,503 shares of the company’s stock valued at $162,000 after purchasing an additional 1,325 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in PIMCO Global StocksPLUS & Income Fund by 88.1% in the fourth quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock valued at $821,000 after purchasing an additional 42,097 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in PIMCO Global StocksPLUS & Income Fund by 81.7% in the fourth quarter. Shaker Financial Services LLC now owns 113,811 shares of the company’s stock valued at $1,044,000 after purchasing an additional 51,186 shares in the last quarter.

PIMCO Global StocksPLUS & Income Fund Company Profile

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.