PIMCO Access Income Fund (NYSE:PAXS) Short Interest Update

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 20,000 shares, a decline of 85.9% from the November 30th total of 141,800 shares. Based on an average trading volume of 206,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in shares of PIMCO Access Income Fund during the third quarter worth approximately $67,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of PIMCO Access Income Fund during the 3rd quarter worth $181,000. Private Advisor Group LLC acquired a new stake in shares of PIMCO Access Income Fund in the 3rd quarter valued at approximately $252,000. Chicago Partners Investment Group LLC grew its holdings in shares of PIMCO Access Income Fund by 20.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 31,076 shares of the company’s stock valued at $506,000 after purchasing an additional 5,264 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in PIMCO Access Income Fund during the 2nd quarter worth approximately $544,000.

PIMCO Access Income Fund Stock Performance

Shares of PAXS stock traded down $0.23 during trading on Friday, reaching $15.40. The company’s stock had a trading volume of 558,354 shares, compared to its average volume of 185,897. PIMCO Access Income Fund has a one year low of $14.22 and a one year high of $17.24. The business has a fifty day moving average price of $16.11 and a 200-day moving average price of $15.98.

PIMCO Access Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be issued a dividend of $0.1494 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.79 annualized dividend and a yield of 11.64%.

About PIMCO Access Income Fund

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.