Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Decreases By 42.9%

PIMCO Access Income Fund (NYSE:PAXS) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 38,509 shares, a decline of 42.9% from the May 14th total of 67,483 shares. Based on an average daily volume of 204,858 shares, the days-to-cover ratio is currently 0.2 days.

PIMCO Access Income Fund Trading Up 0.3%

PAXS traded up $0.04 on Monday, hitting $14.13. 238,613 shares of the company’s stock were exchanged, compared to its average volume of 222,006. PIMCO Access Income Fund has a fifty-two week low of $13.74 and a fifty-two week high of $16.56. The firm has a 50-day moving average price of $14.37 and a 200-day moving average price of $15.04.

PIMCO Access Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be issued a dividend of $0.1494 per share. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Thursday, June 11th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in shares of PIMCO Access Income Fund during the 4th quarter worth $34,000. GHP Investment Advisors Inc. purchased a new position in shares of PIMCO Access Income Fund during the 1st quarter worth $41,000. Advisory Services Network LLC purchased a new position in shares of PIMCO Access Income Fund during the 3rd quarter worth $61,000. Activest Wealth Management purchased a new position in shares of PIMCO Access Income Fund during the 4th quarter worth $115,000. Finally, LifePlan Investment Advisors Inc. purchased a new position in shares of PIMCO Access Income Fund during the 3rd quarter worth $163,000.

About PIMCO Access Income Fund

The PIMCO Access Income Fund (NYSE:PAXS) is an actively managed, closed-end management investment company sponsored by Pacific Investment Management Company LLC (“PIMCO”). The fund seeks to provide current income, with a secondary objective of capital appreciation, by investing primarily in a diversified portfolio of global fixed income and income-related securities.

PAXS employs a broad credit strategy that spans corporate debt, structured finance instruments and emerging market debt.