PIMCO Dynamic Income Fund (NYSE:PDI) Short Interest Up 511.9% in July

PIMCO Dynamic Income Fund (NYSE:PDI) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 514,648 shares, an increase of 511.9% from the June 30th total of 84,101 shares. Based on an average daily volume of 2,501,365 shares, the short-interest ratio is presently 0.2 days.

PIMCO Dynamic Income Fund Price Performance

PIMCO Dynamic Income Fund stock traded down $0.06 during trading on Friday, hitting $16.02. The stock had a trading volume of 2,349,644 shares, compared to its average volume of 2,795,685. PIMCO Dynamic Income Fund has a 1 year low of $15.94 and a 1 year high of $20.17. The stock’s 50 day moving average is $16.54 and its two-hundred day moving average is $17.36.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a $0.2205 dividend. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 16.5%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in PIMCO Dynamic Income Fund by 5.7% in the 2nd quarter. Bank of America Corp DE now owns 3,068,594 shares of the company’s stock valued at $58,211,000 after acquiring an additional 165,389 shares during the period. Rivernorth Capital Management LLC bought a new position in PIMCO Dynamic Income Fund during the fourth quarter worth about $49,968,000. Wells Fargo & Company MN boosted its position in PIMCO Dynamic Income Fund by 110.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,214,301 shares of the company’s stock worth $39,215,000 after purchasing an additional 1,161,637 shares during the period. UBS Group AG increased its stake in shares of PIMCO Dynamic Income Fund by 2.3% in the third quarter. UBS Group AG now owns 1,758,095 shares of the company’s stock worth $34,810,000 after purchasing an additional 38,875 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of PIMCO Dynamic Income Fund by 6.9% in the first quarter. Cetera Investment Advisers now owns 1,708,064 shares of the company’s stock worth $29,225,000 after purchasing an additional 110,655 shares in the last quarter.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.