PIMCO Access Income Fund (NYSE:PAXS) Short Interest Up 163.4% in August

PIMCO Access Income Fund (NYSE:PAXS) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 98,511 shares, an increase of 163.4% from the July 30th total of 37,404 shares. Based on an average daily volume of 189,762 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

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

PIMCO Access Income Fund Stock Performance

PAXS stock traded down $0.09 during mid-day trading on Friday, reaching $14.06. 193,959 shares of the company’s stock were exchanged, compared to its average volume of 207,922. The stock’s 50 day moving average is $14.30 and its 200 day moving average is $14.51. PIMCO Access Income Fund has a 12-month low of $13.74 and a 12-month high of $16.56.

PIMCO Access Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a $0.1494 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend 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.