(NYSE:PDI) shares saw heavy trading volume with 496K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 76.16% over the normal average daily volume.
Traders are more bearish on shares of Pimco Dynamic Income Fund if you consider the motion in short interest. The company saw a rise in short interest between September 29, 2017 and October 13, 2017 of 10.61%. Short shares grew 8,732 over that period. With short interest at 91,007 and short average daily volume at 123,128, days to cover is 1.0 and the percentage of shorted shares is 0.00% as of October 13.
The following firms have recently changed their position in PDI. As of the end of the quarter Wells Fargo & Company/mn had bought 8,959 shares growing its position 81,445.5%. The value of the total investment in Pimco Dynamic Income Fund went from $0 to $277,000 a change of $277,000 since the last quarter. Stifel Financial Corp grew its position by buying 2,182 shares an increase of 6.1% from 06/30/2017 to 09/30/2017. Stifel Financial Corp claims 38,041 shares valued at $1,177,000. The value of the position overall is up by 7.5%.
Citigroup Inc expanded its stake by buying 876 shares an increase of 1.9%. Citigroup Inc now holds 46,663 shares worth $1,440,000. The total value of its holdings increased 4.2%. As of quarter end Raymond James & Associates had acquired a total of 57,458 shares growing its stake by 526.0%. The value of the investment in PDI increased from $330,000 to $2,110,000 a change of 539.4% quarter over quarter.
The company is down by 1.02% since yesterday’s close of 29.33. The company’s P/E ratio is N/A and the market cap is 1.65B.
PIMCO Dynamic Income Fund is a closed-end management investment company. The Fund’s investment objective is to seek current income. Capital appreciation is its secondary objective. The Fund seeks to achieve its investment objectives to produce total return for shareholders by utilizing a dynamic asset allocation strategy among multiple fixed-income sectors, including below investment grade, mortgage-related and any other asset-backed securities, government and sovereign debt, corporate debt (including fixed and floating-rate bonds, bank loans and convertible securities), taxable municipal bonds and other income producing securities of United States and foreign issuers, including emerging market issuers. The Fund invests at least 25% of its total assets in privately-issued mortgage-related securities. Allianz Global Investors Fund Management LLC is the investment manager of the Fund..