PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Sees Large Growth in Short Interest

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 24,500 shares, an increase of 21.3% from the October 31st total of 20,200 shares. Based on an average trading volume of 35,000 shares, the short-interest ratio is currently 0.7 days.

PIMCO Global StocksPLUS & Income Fund Price Performance

NYSE PGP traded up $0.02 during trading hours on Monday, hitting $8.15. 38,820 shares of the company were exchanged, compared to its average volume of 42,409. PIMCO Global StocksPLUS & Income Fund has a 52-week low of $6.90 and a 52-week high of $8.40. The company has a 50 day moving average of $8.13 and a two-hundred day moving average of $7.85.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.069 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.83 dividend on an annualized basis and a yield of 10.16%.

Institutional Trading of PIMCO Global StocksPLUS & Income Fund

An institutional investor recently raised its position in PIMCO Global StocksPLUS & Income Fund stock. International Assets Investment Management LLC grew its stake in shares of PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) by 739.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,293 shares of the company’s stock after buying an additional 5,543 shares during the period. International Assets Investment Management LLC’s holdings in PIMCO Global StocksPLUS & Income Fund were worth $53,000 at the end of the most recent reporting period.

PIMCO Global StocksPLUS & Income Fund Company Profile

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.