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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Anfield Capital Management LLC purchased a new stake in PIMCO Access Income Fund during the fourth quarter valued at about $56,000. IFP Advisors Inc raised its position in shares of 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 purchasing an additional 3,383 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of PIMCO Access Income Fund during the 4th quarter valued at approximately $114,000. SouthState Corp bought a new position in PIMCO Access Income Fund in the 4th quarter worth approximately $143,000. Finally, CreativeOne Wealth LLC purchased a new position in PIMCO Access Income Fund in the 4th quarter valued at approximately $192,000.

PIMCO Access Income Fund Trading Up 0.0 %

PIMCO Access Income Fund stock opened at $16.15 on Thursday. The business’s 50 day simple moving average is $16.03 and its 200 day simple moving average is $16.12. PIMCO Access Income Fund has a 12 month low of $14.55 and a 12 month high of $17.24.

PIMCO Access Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.1494 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.79 dividend on an annualized basis and a dividend yield of 11.10%.

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.