PIMCO High Income Fund (NYSE:PHK) Short Interest Update

PIMCO High Income Fund (NYSE:PHK) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 41,300 shares, a drop of 54.7% from the January 31st total of 91,100 shares. Based on an average daily volume of 643,800 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On PIMCO High Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in shares of PIMCO High Income Fund by 0.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 779,132 shares of the investment management company’s stock worth $3,787,000 after buying an additional 2,261 shares in the last quarter. Founders Financial Alliance LLC boosted its stake in PIMCO High Income Fund by 3.8% during the 4th quarter. Founders Financial Alliance LLC now owns 64,887 shares of the investment management company’s stock valued at $315,000 after acquiring an additional 2,362 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of PIMCO High Income Fund by 2.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 101,398 shares of the investment management company’s stock valued at $493,000 after acquiring an additional 2,634 shares during the last quarter. Centric Wealth Management boosted its position in PIMCO High Income Fund by 18.2% during the 4th quarter. Centric Wealth Management now owns 24,847 shares of the investment management company’s stock worth $121,000 after acquiring an additional 3,831 shares during the period. Finally, Integrated Capital Management Inc. grew its stake in shares of PIMCO High Income Fund by 6.4% in the fourth quarter. Integrated Capital Management Inc. now owns 65,276 shares of the investment management company’s stock worth $317,000 after purchasing an additional 3,921 shares in the last quarter. 11.75% of the stock is owned by hedge funds and other institutional investors.

PIMCO High Income Fund Stock Performance

Shares of NYSE:PHK traded up $0.03 during mid-day trading on Friday, hitting $4.92. 487,370 shares of the company traded hands, compared to its average volume of 677,176. PIMCO High Income Fund has a 52-week low of $4.59 and a 52-week high of $5.18. The firm’s 50 day simple moving average is $4.91 and its 200 day simple moving average is $4.95.

PIMCO High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a dividend of $0.048 per share. This represents a $0.58 annualized dividend and a yield of 11.72%. The ex-dividend date is Thursday, February 13th.

About PIMCO High Income Fund

PIMCO High Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in the public fixed income markets across the globe. The fund invests in U.S. dollar denominated high-yield corporate debt obligations.