Short Interest Change: Could Pimco High Income Fund (NYSE:PHK) Skyrocket? The Stock Had Too Little Sellers

November 28, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Change: Could Pimco High Income Fund (NYSE:PHK) Skyrocket? The Stock Had Too Little Sellers

The stock of Pimco High Income Fund (NYSE:PHK) registered a decrease of 4.37% in short interest. PHK’s total short interest was 3.17M shares in November as published by FINRA. Its down 4.37% from 3.31 million shares, reported previously. With 785,800 shares average volume, it will take short sellers 4 days to cover their PHK’s short positions. The stock increased 1.12% or $0.1 on November 25, hitting $9.04. PIMCO High Income Fund (NYSE:PHK) has declined 2.80% since April 25, 2016 and is downtrending. It has underperformed by 8.81% the S&P500.

PIMCO High Income Fund is a closed-end management investment company. The company has a market cap of $1.16 billion. The Fund’s primary investment objective is to seek high current income, with capital appreciation as a secondary objective. It currently has negative earnings. The Fund will not invest more than 25% of total assets in non-United States-dollar-denominated securities.

Insitutional Activity: The institutional sentiment increased to 1.94 in 2016 Q2. Its up 0.85, from 1.09 in 2016Q1. The ratio improved, as 8 funds sold all PIMCO High Income Fund shares owned while 15 reduced positions. 6 funds bought stakes while 19 increased positions. They now own 4.50 million shares or 4.81% less from 4.73 million shares in 2016Q1.
Vsr Finance Service holds 0.08% of its portfolio in PIMCO High Income Fund (NYSE:PHK) for 52,132 shares. Stratford Consulting reported 149,650 shares or 0.66% of all its holdings. Wells Fargo And Communications Mn has 126,083 shares for 0% of their US portfolio. Advisory, a Massachusetts-based fund reported 33,141 shares. Wfg Advsrs Ltd Partnership reported 36,361 shares or 0.09% of all its holdings. The North Carolina-based Carroll Assoc has invested 0% in PIMCO High Income Fund (NYSE:PHK). National Planning holds 86,564 shares or 0.07% of its portfolio. Bank Of New York Mellon last reported 11,920 shares in the company. Lba Wealth Management Limited Liability Co has 0% invested in the company for 117 shares. Royal Financial Bank Of Canada reported 34,849 shares or 0% of all its holdings. Livingston Grp Inc Asset Mgmt Company (Operating As Southport Capital Management) accumulated 0.08% or 13,900 shares. Roof Eidam Maycock Adv last reported 0.08% of its portfolio in the stock. Hudock Capital Gru Limited Liability Company accumulated 0.02% or 3,208 shares. Essex Finance Svcs Incorporated last reported 10,546 shares in the company. Cohen & Steers last reported 0.02% of its portfolio in the stock.

PHK Company Profile

PIMCO High Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income and capital appreciation by investing in a diversified portfolio of United States dollar-denominated debt obligations and other income-producing securities that are primarily rated below investment grade.

More notable recent PIMCO High Income Fund (NYSE:PHK) news were published by: Seekingalpha.com which released: “Why I Sold Pimco High Income Fund” on November 27, 2015, also Seekingalpha.com with their article: “PIMCO High Income Fund: The First (Dividend) Cut Hurts The Most” published on September 03, 2015, Seekingalpha.com published: “PIMCO High Income: Here Are A Few Examples Of Easy To Find Alternatives” on October 21, 2015. More interesting news about PIMCO High Income Fund (NYSE:PHK) were released by: Seekingalpha.com and their article: “PIMCO High Income Fund: Is The Pain Over? (PHK)” published on August 07, 2015 as well as Seekingalpha.com‘s news article titled: “DNP Select Income Fund Vs. S&P 500 Index Fund” with publication date: July 25, 2016.

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By Clifton Ray


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