PIMCO Access Income Fund (NYSE:PAXS) Sees Large Increase in Short Interest

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 32,500 shares, a growth of 385.1% from the May 15th total of 6,700 shares. Based on an average daily trading volume, of 243,200 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO Access Income Fund Stock Up 0.3%

NYSE:PAXS opened at $15.09 on Thursday. The business’s 50 day moving average is $15.05 and its two-hundred day moving average is $15.65. PIMCO Access Income Fund has a 52 week low of $13.63 and a 52 week high of $17.24.

PIMCO Access Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.1494 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.79 annualized dividend and a yield of 11.88%.

Institutional Trading of PIMCO Access Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Element Wealth LLC boosted its holdings in shares of PIMCO Access Income Fund by 0.6% in the 4th quarter. Element Wealth LLC now owns 228,241 shares of the company’s stock valued at $3,481,000 after buying an additional 1,367 shares during the period. IFP Advisors Inc lifted its holdings in PIMCO Access Income Fund by 549.2% in the fourth quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock worth $61,000 after acquiring an additional 3,383 shares during the last quarter. Noble Wealth Management PBC acquired a new position in PIMCO Access Income Fund in the fourth quarter valued at approximately $114,000. Anfield Capital Management LLC acquired a new position in PIMCO Access Income Fund in the fourth quarter valued at approximately $56,000. Finally, Raymond James Financial Inc. bought a new position in shares of PIMCO Access Income Fund during the fourth quarter valued at approximately $1,192,000.

About PIMCO Access Income Fund

PIMCO Access Income Fund is close-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in fixed income markets of global region. The fund primarily invests in corporate debt, mortgage-related and other asset-backed instruments, government and sovereign debt, taxable municipal bonds, floating-rate income-producing securities with varying maturities.