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

PIMCO Access Income Fund (NYSE:PAXS) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 193,400 shares, a drop of 24.0% from the September 15th total of 254,500 shares. Based on an average daily trading volume, of 193,300 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of PIMCO Access Income Fund

Institutional investors have recently made changes to their positions in the company. Creekmur Asset Management LLC acquired a new stake in shares of PIMCO Access Income Fund during the 4th quarter worth approximately $27,000. Prudent Investors Network Inc. purchased a new stake in PIMCO Access Income Fund during the 1st quarter valued at approximately $249,000. Capital Investment Advisors LLC increased its position in PIMCO Access Income Fund by 22.6% during the 2nd quarter. Capital Investment Advisors LLC now owns 16,300 shares of the company’s stock worth $258,000 after purchasing an additional 3,000 shares during the period. Choreo LLC acquired a new position in PIMCO Access Income Fund during the first quarter worth about $507,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of PIMCO Access Income Fund during the 2nd quarter worth $544,000.

PIMCO Access Income Fund Price Performance

PAXS traded up $0.11 during midday trading on Friday, hitting $16.69. 88,577 shares of the company were exchanged, compared to its average volume of 172,818. PIMCO Access Income Fund has a 1-year low of $12.57 and a 1-year high of $17.24. The company’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $15.81.

PIMCO Access Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be given a $0.1494 dividend. This represents a $1.79 dividend on an annualized basis and a dividend yield of 10.74%. The ex-dividend date of this dividend is Friday, October 11th.

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.