Short Interest in PIMCO Access Income Fund (NYSE:PAXS) Decreases By 58.0%

PIMCO Access Income Fund (NYSE:PAXS) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 19,800 shares, a decrease of 58.0% from the February 28th total of 47,100 shares. Based on an average daily trading volume, of 257,500 shares, the short-interest ratio is currently 0.1 days.

PIMCO Access Income Fund Trading Down 0.8 %

Shares of NYSE PAXS traded down $0.14 during trading on Friday, reaching $16.01. The company had a trading volume of 169,754 shares, compared to its average volume of 198,843. PIMCO Access Income Fund has a 52 week low of $14.55 and a 52 week high of $17.24. The business’s 50 day moving average price is $16.05 and its 200-day moving average price is $16.12.

PIMCO Access Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a $0.1494 dividend. This represents a $1.79 annualized dividend and a yield of 11.20%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of PIMCO Access Income Fund by 46.5% during the third quarter. Rockefeller Capital Management L.P. now owns 47,880 shares of the company’s stock worth $796,000 after acquiring an additional 15,201 shares during the last quarter. World Investment Advisors LLC bought a new stake in PIMCO Access Income Fund during the 3rd quarter worth about $22,595,000. Courier Capital LLC acquired a new position in PIMCO Access Income Fund during the 4th quarter valued at about $567,000. SOL Capital Management CO boosted its stake in shares of PIMCO Access Income Fund by 24.0% in the 4th quarter. SOL Capital Management CO now owns 1,314,494 shares of the company’s stock valued at $20,046,000 after purchasing an additional 254,614 shares during the last quarter. Finally, Journey Strategic Wealth LLC grew its position in shares of PIMCO Access Income Fund by 91.7% during the 4th quarter. Journey Strategic Wealth LLC now owns 67,838 shares of the company’s stock worth $1,035,000 after buying an additional 32,450 shares during the period.

PIMCO Access Income Fund Company Profile

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.