PIMCO Access Income Fund (NYSE:PAXS) Sees Significant Growth in Short Interest

PIMCO Access Income Fund (NYSE:PAXS) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 83,758 shares, a growth of 117.5% from the May 31st total of 38,509 shares. Based on an average daily trading volume, of 211,754 shares, the short-interest ratio is presently 0.4 days.

PIMCO Access Income Fund Price Performance

Shares of NYSE PAXS opened at $14.61 on Thursday. The business has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $14.91. PIMCO Access Income Fund has a fifty-two week low of $13.74 and a fifty-two week high of $16.56.

PIMCO Access Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be given a $0.1494 dividend. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of PIMCO Access Income Fund

A number of institutional investors have recently bought and sold shares of the stock. Thomas J. Herzfeld Advisors Inc. increased its stake in PIMCO Access Income Fund by 55.3% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 747,910 shares of the company’s stock valued at $11,443,000 after purchasing an additional 266,473 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of PIMCO Access Income Fund by 12.5% during the first quarter. Royal Bank of Canada now owns 1,152,845 shares of the company’s stock worth $16,612,000 after buying an additional 127,806 shares during the period. Rivernorth Capital Management LLC purchased a new stake in shares of PIMCO Access Income Fund during the first quarter valued at $1,362,000. Bank of America Corp DE grew its holdings in shares of PIMCO Access Income Fund by 21.1% during the second quarter. Bank of America Corp DE now owns 374,892 shares of the company’s stock valued at $5,665,000 after buying an additional 65,266 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of PIMCO Access Income Fund in the 4th quarter valued at $801,000.

PIMCO Access Income Fund Company Profile

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.