PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Update

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 11,587 shares, a drop of 38.6% from the July 15th total of 18,876 shares. Based on an average daily volume of 57,561 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On PIMCO Global StocksPLUS & Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC grew its stake in shares of PIMCO Global StocksPLUS & Income Fund by 88.1% in the fourth quarter. Kestra Advisory Services LLC now owns 89,886 shares of the company’s stock worth $821,000 after purchasing an additional 42,097 shares during the last quarter. Fifth Third Bancorp acquired a new stake in PIMCO Global StocksPLUS & Income Fund in the first quarter valued at $128,000. LPL Financial LLC raised its position in PIMCO Global StocksPLUS & Income Fund by 9.0% during the 4th quarter. LPL Financial LLC now owns 177,391 shares of the company’s stock worth $1,620,000 after purchasing an additional 14,627 shares during the last quarter. Argyle Capital Partners LLC bought a new position in PIMCO Global StocksPLUS & Income Fund during the 2nd quarter worth $121,000. Finally, CoreCap Advisors LLC lifted its holdings in PIMCO Global StocksPLUS & Income Fund by 44.6% during the 2nd quarter. CoreCap Advisors LLC now owns 10,700 shares of the company’s stock worth $92,000 after buying an additional 3,300 shares during the period.

PIMCO Global StocksPLUS & Income Fund Price Performance

Shares of PGP stock opened at $8.73 on Thursday. The business’s 50-day moving average price is $8.59 and its 200-day moving average price is $8.78. PIMCO Global StocksPLUS & Income Fund has a 12 month low of $8.04 and a 12 month high of $9.41.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be issued a $0.069 dividend. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date is Thursday, August 13th.

About PIMCO Global StocksPLUS & Income Fund

The PIMCO Global StocksPLUS & Income Fund (NYSE: PGP) is a diversified, closed-end management investment company that seeks to deliver a high level of current income plus capital appreciation. The fund invests primarily in a global mix of common stocks, convertible securities, fixed-income instruments, currencies and derivative instruments, providing investors with broad exposure to both equity and credit markets around the world.

To achieve its objectives, PGP combines traditional security selection with an overlay strategy that employs equity futures and currency forwards.