PIMCO Access Income Fund (NYSE:PAXS) Short Interest Up 175.0% in February

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anfield Capital Management LLC acquired a new position in shares of PIMCO Access Income Fund during the fourth quarter worth approximately $56,000. IFP Advisors Inc increased its stake in PIMCO Access Income Fund by 549.2% during the 4th quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock valued at $61,000 after purchasing an additional 3,383 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in PIMCO Access Income Fund during the third quarter worth $67,000. Noble Wealth Management PBC bought a new position in shares of PIMCO Access Income Fund in the fourth quarter valued at $114,000. Finally, SouthState Corp bought a new position in shares of PIMCO Access Income Fund in the fourth quarter valued at $143,000.

PIMCO Access Income Fund Price Performance

Shares of NYSE PAXS traded up $0.08 during trading on Friday, hitting $16.20. 215,132 shares of the company traded hands, compared to its average volume of 203,550. The business’s fifty day moving average is $15.86 and its 200 day moving average is $16.08. PIMCO Access Income Fund has a fifty-two week low of $14.55 and a fifty-two week high of $17.24.

PIMCO Access 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 $0.1494 per share. This represents a $1.79 dividend on an annualized basis 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.