Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Rises By 118.2%

PIMCO Access Income Fund (NYSE:PAXS) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 81,605 shares, an increase of 118.2% from the June 30th total of 37,404 shares. Based on an average trading volume of 144,484 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of PIMCO Access Income Fund

Several institutional investors have recently made changes to their positions in PAXS. Kestra Advisory Services LLC purchased a new position in shares of PIMCO Access Income Fund in the 4th quarter worth $34,000. GHP Investment Advisors Inc. acquired a new position in PIMCO Access Income Fund in the first quarter valued at $41,000. Advisory Services Network LLC purchased a new stake in PIMCO Access Income Fund during the third quarter valued at about $61,000. Activest Wealth Management purchased a new stake in PIMCO Access Income Fund during the fourth quarter valued at about $115,000. Finally, Focus Financial Network Inc. acquired a new stake in PIMCO Access Income Fund during the second quarter worth about $154,000.

PIMCO Access Income Fund Price Performance

Shares of PAXS traded down $0.09 during mid-day trading on Wednesday, hitting $14.00. The company had a trading volume of 239,975 shares, compared to its average volume of 209,647. PIMCO Access Income Fund has a 1-year low of $13.74 and a 1-year high of $16.56. The business’s 50-day simple moving average is $14.31 and its 200-day simple moving average is $14.78.

PIMCO Access Income Fund Announces Dividend

The business 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 of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 12.8%.

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.