PIMCO High Income Fund (NYSE:PHK) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 3,678,905 shares, an increase of 120.4% from the August 31st total of 1,669,356 shares. Based on an average daily volume of 722,389 shares, the days-to-cover ratio is presently 5.1 days.
Shares of PIMCO High Income Fund (NYSE:PHK) opened at 9.94 on Friday. The company’s 50-day moving average price is $9.92 and its 200-day moving average price is $9.63. PIMCO High Income Fund has a 52-week low of $7.08 and a 52-week high of $10.15.
PIMCO High Income Fund Company Profile
PIMCO High Income Fund is a diversified closed-end management investment fund. The Fund’s investment objective is to seek high current income, with capital appreciation as a secondary objective. The Fund focuses on duration management, credit quality analysis, risk management techniques and broad diversification among issuers, industries and sectors, as well as other risk management techniques designed to manage default risk.
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