PIMCO Access Income Fund (NYSE:PAXS) Short Interest Update

PIMCO Access Income Fund (NYSE:PAXS) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 20,000 shares, a decrease of 85.9% from the November 30th total of 141,800 shares. Based on an average trading volume of 206,400 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAXS. World Investment Advisors LLC bought a new stake in shares of PIMCO Access Income Fund in the third quarter worth about $1,359,000. Rockefeller Capital Management L.P. increased its stake in PIMCO Access Income Fund by 46.5% in the 3rd 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. Chicago Partners Investment Group LLC raised its holdings in shares of PIMCO Access Income Fund by 20.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 31,076 shares of the company’s stock worth $506,000 after acquiring an additional 5,264 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of PIMCO Access Income Fund during the 3rd quarter valued at approximately $67,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of PIMCO Access Income Fund in the third quarter valued at $181,000.

PIMCO Access Income Fund Trading Down 0.4 %

PIMCO Access Income Fund stock traded down $0.07 during mid-day trading on Thursday, hitting $15.63. The stock had a trading volume of 681,019 shares, compared to its average volume of 184,402. PIMCO Access Income Fund has a one year low of $14.17 and a one year high of $17.24. The firm’s 50 day moving average is $16.14 and its 200 day moving average is $15.99.

PIMCO Access Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be given a dividend of $0.1494 per share. This represents a $1.79 annualized dividend and a dividend yield of 11.47%. The ex-dividend date is Thursday, December 12th.

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.