PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Short Interest Up 52.1% in May
PIMCO Global StocksPLUS & Income Fund (NYSE:PGP – Get Rating) saw strong growth in short-term interest during the month of May. As of May 31, there were short interests totaling 14,600 shares, up 52.1% from the May 15 total of 9,600 shares. Based on an average daily volume of 44,800 shares, the day-to-cover ratio is currently 0.3 days.
PGP lost $0.07 during Wednesday’s trading, hitting $7.66. 425 shares of the company were traded, against an average volume of 46,929. PIMCO Global StocksPLUS & Income Fund has a 1-year low of $7.56 and a 1-year high of $11.56. The company has a fifty-day moving average price of $8.56 and a two-hundred-day moving average price of $9.51.
The company also recently announced a monthly dividend, which will be paid on Friday, July 1. Shareholders of record on Monday, June 13 will receive a dividend of $0.069 per share. This represents a dividend of $0.83 on an annualized basis and a yield of 10.81%. The ex-dividend date is Friday, June 10.
Several hedge funds and other institutional investors have recently changed their holdings in PGP. Rivernorth Capital Management LLC acquired a new equity position in PIMCO Global StocksPLUS & Income Fund in Q1 worth approximately $1,353,000. Clough Capital Partners LP acquired a new position in PIMCO Global StocksPLUS & Income Fund during Q4 for a value of approximately $825,000. Brinker Capital Investments LLC acquired a new stake in PIMCO Global StocksPLUS & Income Fund in the fourth quarter, valued at approximately $816,000. NewEdge Advisors LLC purchased a new stake in shares of PIMCO Global StocksPLUS & Income Fund during the fourth quarter, valued at approximately $755,000. Finally, Cohen & Steers Inc. increased its position in shares of the PIMCO Global StocksPLUS & Income Fund by 21.2% during the first quarter. Cohen & Steers Inc. now owns 329,596 shares of the company worth $3,141,000 after purchasing an additional 57,696 shares during the period.
PIMCO Global StocksPLUS & Income Fund Company Profile (Get an assessment)
PIMCO Global Stocksplus & Income Fund is a closed-end balanced 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 bond markets and stock markets around the world. The fund uses a long/short strategy to invest in securities using financial derivatives such as options.
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