PIMCO High Income Fund (NYSE:PHK) Short Interest Up 27.7% in November

PIMCO High Income Fund (NYSE:PHK) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 74,600 shares, a growth of 27.7% from the November 15th total of 58,400 shares. Based on an average trading volume of 606,700 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO High Income Fund Price Performance

Shares of NYSE PHK traded down $0.04 during midday trading on Monday, reaching $4.99. The company’s stock had a trading volume of 796,430 shares, compared to its average volume of 530,006. The stock has a 50 day simple moving average of $5.04 and a 200-day simple moving average of $4.92. PIMCO High Income Fund has a fifty-two week low of $4.59 and a fifty-two week high of $5.18.

PIMCO High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be paid a $0.048 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.58 annualized dividend and a yield of 11.54%.

Hedge Funds Weigh In On PIMCO High Income Fund

A number of large investors have recently modified their holdings of the business. Integrated Capital Management Inc. increased its position in shares of PIMCO High Income Fund by 3.4% in the third quarter. Integrated Capital Management Inc. now owns 61,355 shares of the investment management company’s stock valued at $307,000 after acquiring an additional 2,031 shares during the last quarter. PFG Investments LLC increased its position in shares of PIMCO High Income Fund by 3.8% during the 3rd quarter. PFG Investments LLC now owns 63,369 shares of the investment management company’s stock worth $317,000 after purchasing an additional 2,310 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of PIMCO High Income Fund by 3.1% during the 3rd quarter. Park Avenue Securities LLC now owns 283,512 shares of the investment management company’s stock worth $1,418,000 after purchasing an additional 8,399 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of PIMCO High Income Fund by 1.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 769,240 shares of the investment management company’s stock worth $3,708,000 after purchasing an additional 9,230 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of PIMCO High Income Fund by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 103,000 shares of the investment management company’s stock valued at $515,000 after buying an additional 10,489 shares during the last quarter. 11.75% of the stock is currently owned by institutional investors and hedge funds.

PIMCO High Income Fund Company Profile

PIMCO High Income Fund is a closed ended fixed income 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 the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.