PIMCO Access Income Fund (NYSE:PAXS) Sees Large Drop in Short Interest

PIMCO Access Income Fund (NYSE:PAXSGet Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totalling 57,900 shares, a decline of 59.4% from the April 15th total of 142,700 shares. Based on an average daily volume of 175,900 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Access Income Fund Stock Up 0.8 %

Shares of NYSE PAXS traded up $0.12 during midday trading on Friday, hitting $15.68. 100,627 shares of the company’s stock were exchanged, compared to its average volume of 184,141. PIMCO Access Income Fund has a 12-month low of $12.57 and a 12-month high of $16.30. The business’s fifty day moving average price is $15.53 and its two-hundred day moving average price is $14.77.

PIMCO Access Income Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a $0.149 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 11.40%. The ex-dividend date is Friday, May 10th.

Institutional Investors Weigh In On PIMCO Access Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of PAXS. Penserra Capital Management LLC lifted its holdings in PIMCO Access Income Fund by 8.4% in the 3rd quarter. Penserra Capital Management LLC now owns 824,464 shares of the company’s stock worth $11,443,000 after buying an additional 63,925 shares during the period. SOL Capital Management CO lifted its holdings in PIMCO Access Income Fund by 24.1% in the first quarter. SOL Capital Management CO now owns 802,354 shares of the company’s stock worth $12,621,000 after buying an additional 155,648 shares during the period. Wells Fargo & Company MN lifted its holdings in PIMCO Access Income Fund by 39.5% in the fourth quarter. Wells Fargo & Company MN now owns 536,525 shares of the company’s stock worth $7,672,000 after buying an additional 151,965 shares during the period. Element Wealth LLC lifted its holdings in PIMCO Access Income Fund by 1.0% in the fourth quarter. Element Wealth LLC now owns 233,414 shares of the company’s stock worth $3,338,000 after buying an additional 2,410 shares during the period. Finally, Corrado Advisors LLC lifted its holdings in PIMCO Access Income Fund by 0.5% in the third quarter. Corrado Advisors LLC now owns 182,662 shares of the company’s stock worth $2,535,000 after buying an additional 963 shares during the period.

About PIMCO Access Income Fund

(Get Free Report)

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.

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