PIMCO Dynamic Income Fund (NYSE:PDI) Shares Shorted: Short Interest Down 96.5% in September

PIMCO Dynamic Income Fund (NYSE:PDI) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 25,244 shares, a decline of 96.5% from the September 15th total of 731,638 shares. Based on an average daily trading volume, of 4,630,264 shares, the short-interest ratio is currently 0.0 days.

PIMCO Dynamic Income Fund Trading Up 0.1%

Shares of NYSE PDI traded up $0.02 during mid-day trading on Friday, reaching $14.35. 3,609,546 shares of the company’s stock were exchanged, compared to its average volume of 3,125,536. The business has a fifty day simple moving average of $14.99 and a 200 day simple moving average of $16.18. PIMCO Dynamic Income Fund has a twelve month low of $13.73 and a twelve month high of $19.93.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be given a $0.2205 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $2.65 annualized dividend and a dividend yield of 18.4%.

Insider Activity at PIMCO Dynamic Income Fund

In other PIMCO Dynamic Income Fund news, Director David C. Flattum acquired 17,448 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were acquired at an average price of $14.30 per share, with a total value of $249,506.40. Following the purchase, the director owned 17,448 shares of the company’s stock, valued at $249,506.40. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alan Rappaport bought 5,500 shares of PIMCO Dynamic Income Fund stock in a transaction on Thursday, September 24th. The shares were acquired at an average price of $13.76 per share, for a total transaction of $75,680.00. Following the completion of the acquisition, the director owned 9,313 shares of the company’s stock, valued at approximately $128,146.88. This represents a 144.24% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 28,648 shares of company stock worth $405,100 in the last quarter.

Institutional Trading of PIMCO Dynamic Income Fund

A number of large investors have recently bought and sold shares of PDI. HF Advisory Group LLC raised its holdings in PIMCO Dynamic Income Fund by 8.1% during the 3rd quarter. HF Advisory Group LLC now owns 74,937 shares of the company’s stock worth $1,051,000 after buying an additional 5,609 shares during the period. Gilpin Wealth Management LLC boosted its holdings in shares of PIMCO Dynamic Income Fund by 254.4% in the third quarter. Gilpin Wealth Management LLC now owns 24,829 shares of the company’s stock valued at $348,000 after buying an additional 17,823 shares during the period. Integrated Capital Management Inc. acquired a new position in shares of PIMCO Dynamic Income Fund in the third quarter valued at approximately $239,000. First Heartland Consultants Inc. boosted its holdings in shares of PIMCO Dynamic Income Fund by 10.2% in the third quarter. First Heartland Consultants Inc. now owns 53,935 shares of the company’s stock valued at $757,000 after buying an additional 4,979 shares during the period. Finally, CoreCap Advisors LLC increased its position in shares of PIMCO Dynamic Income Fund by 9.1% during the third quarter. CoreCap Advisors LLC now owns 54,559 shares of the company’s stock worth $765,000 after acquiring an additional 4,551 shares in the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol PDI. The fund seeks to provide current income while also pursuing capital appreciation as a secondary objective. It is advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager and a subsidiary of Allianz Group.

The fund invests primarily in a diversified portfolio of fixed-income instruments and other income-producing assets. Its holdings may include mortgage-related securities, high-yield and investment-grade corporate bonds, sovereign and emerging-market debt, bank loans, asset-backed securities and other credit investments.