PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 55.3% in June

PIMCO Access Income Fund (NYSE:PAXS) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 37,404 shares, a decline of 55.3% from the June 15th total of 83,758 shares. Based on an average daily trading volume, of 154,676 shares, the short-interest ratio is presently 0.2 days.

PIMCO Access Income Fund Trading Down 0.1%

Shares of PAXS stock traded down $0.01 on Tuesday, reaching $14.49. 79,798 shares of the stock were exchanged, compared to its average volume of 210,764. The firm has a 50 day moving average of $14.31 and a two-hundred day moving average of $14.86. PIMCO Access Income Fund has a 1-year low of $13.74 and a 1-year high of $16.56.

PIMCO Access Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a dividend of $0.1494 per share. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a yield of 12.4%.

Hedge Funds Weigh In On PIMCO Access Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in PIMCO Access Income Fund by 21.8% during the 1st quarter. Royal Bank of Canada now owns 423,621 shares of the company’s stock worth $6,803,000 after purchasing an additional 75,940 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. grew its stake in PIMCO Access Income Fund by 55.3% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 747,910 shares of the company’s stock worth $11,443,000 after buying an additional 266,473 shares during the period. Wells Fargo & Company MN grew its stake in PIMCO Access Income Fund by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,768,979 shares of the company’s stock worth $27,065,000 after buying an additional 51,523 shares during the period. Cohen & Steers Inc. increased its position in shares of PIMCO Access Income Fund by 4.2% in the fourth quarter. Cohen & Steers Inc. now owns 911,766 shares of the company’s stock worth $13,950,000 after acquiring an additional 36,392 shares in the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of PIMCO Access Income Fund by 9.6% in the fourth quarter. Osaic Holdings Inc. now owns 89,182 shares of the company’s stock worth $1,365,000 after acquiring an additional 7,779 shares in the last quarter.

PIMCO Access Income Fund Company Profile

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.