Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Rises By 175.0%

PIMCO Access Income Fund (NYSE:PAXS) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 68,200 shares, an increase of 175.0% from the January 31st total of 24,800 shares. Based on an average trading volume of 265,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On PIMCO Access Income Fund

Hedge funds have recently made changes to their positions in the stock. World Investment Advisors LLC bought a new position in PIMCO Access Income Fund during the third quarter worth about $22,595,000. SOL Capital Management CO grew its stake in shares of PIMCO Access Income Fund by 24.0% during the fourth quarter. SOL Capital Management CO now owns 1,314,494 shares of the company’s stock worth $20,046,000 after purchasing an additional 254,614 shares during the period. Wells Fargo & Company MN raised its holdings in PIMCO Access Income Fund by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,154,608 shares of the company’s stock worth $17,608,000 after purchasing an additional 234,128 shares during the period. Virtu Financial LLC bought a new position in PIMCO Access Income Fund during the fourth quarter worth about $1,942,000. Finally, Raymond James Financial Inc. bought a new position in shares of PIMCO Access Income Fund during the 4th quarter valued at about $1,192,000.

PIMCO Access Income Fund Stock Up 0.5 %

Shares of PAXS traded up $0.08 during midday trading on Friday, reaching $16.20. 215,132 shares of the stock were exchanged, compared to its average volume of 203,550. PIMCO Access Income Fund has a 12-month low of $14.55 and a 12-month high of $17.24. The firm has a 50 day simple moving average of $15.87 and a 200-day simple moving average of $16.09.

PIMCO Access Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a dividend of $0.1494 per share. This represents a $1.79 annualized dividend and a yield of 11.07%. The ex-dividend date of this dividend is Thursday, February 13th.

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.