PIMCO Access Income Fund (NYSE:PAXS) Short Interest Down 30.9% in February

PIMCO Access Income Fund (NYSE:PAXS) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 47,100 shares, a drop of 30.9% from the February 13th total of 68,200 shares. Based on an average trading volume of 270,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On PIMCO Access Income Fund

A number of hedge funds have recently added to or reduced their stakes in PAXS. Anfield Capital Management LLC acquired a new stake in PIMCO Access Income Fund in the fourth quarter valued at approximately $56,000. IFP Advisors Inc grew its stake in PIMCO Access Income Fund by 549.2% in the fourth quarter. IFP Advisors Inc now owns 3,999 shares of the company’s stock valued at $61,000 after acquiring an additional 3,383 shares during the period. Noble Wealth Management PBC acquired a new stake in PIMCO Access Income Fund in the fourth quarter valued at approximately $114,000. SouthState Corp acquired a new stake in PIMCO Access Income Fund in the fourth quarter valued at approximately $143,000. Finally, CreativeOne Wealth LLC purchased a new position in shares of PIMCO Access Income Fund during the fourth quarter valued at approximately $192,000.

PIMCO Access Income Fund Trading Up 0.3 %

Shares of PAXS stock opened at $15.73 on Friday. The stock has a 50 day simple moving average of $15.96 and a two-hundred day simple moving average of $16.12. 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 firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a $0.1494 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $1.79 dividend on an annualized basis and a yield of 11.40%.

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.