Short Interest in PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Rises By 164.8%

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 32,300 shares, an increase of 164.8% from the July 15th total of 12,200 shares. Based on an average daily volume of 49,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its holdings in PIMCO Global StocksPLUS & Income Fund by 650.0% during the fourth quarter. International Assets Investment Management LLC now owns 5,625 shares of the company’s stock worth $42,000 after acquiring an additional 4,875 shares during the period. Avantax Advisory Services Inc. bought a new position in shares of PIMCO Global StocksPLUS & Income Fund during the 4th quarter valued at about $75,000. Epic Trust Investment Advisors LLC bought a new position in shares of PIMCO Global StocksPLUS & Income Fund during the 4th quarter valued at about $102,000. MAS Advisors LLC acquired a new position in shares of PIMCO Global StocksPLUS & Income Fund in the 1st quarter worth approximately $229,000. Finally, Shaker Financial Services LLC raised its holdings in shares of PIMCO Global StocksPLUS & Income Fund by 483.0% in the 4th quarter. Shaker Financial Services LLC now owns 178,457 shares of the company’s stock worth $1,343,000 after purchasing an additional 147,846 shares in the last quarter.

PIMCO Global StocksPLUS & Income Fund Stock Performance

PGP stock traded up $0.03 during trading on Tuesday, hitting $7.53. The company had a trading volume of 22,961 shares, compared to its average volume of 46,077. The business has a 50 day moving average of $7.60 and a 200 day moving average of $7.55. PIMCO Global StocksPLUS & Income Fund has a fifty-two week low of $5.83 and a fifty-two week high of $7.87.

PIMCO Global StocksPLUS & Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be paid a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 11.00%. The ex-dividend date of this dividend is Monday, August 12th.

About PIMCO Global StocksPLUS & Income Fund

PIMCO Global Stocksplus & Income Fund is a closed ended balanced 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 fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.