Pimco High Income Fund (NYSE:PHK)’s Trend Unknown, Especially After Increased Shorts

September 17, 2017 - By Vivian Park

 Pimco High Income Fund (NYSE:PHK)’s Trend Unknown, Especially After Increased Shorts

Investors sentiment decreased to 0.72 in 2016 Q4. Its down 1.22, from 1.94 in 2016Q3. It turned negative, as 12 investors sold PIMCO High Income Fund shares while 17 reduced holdings. 9 funds opened positions while 12 raised stakes. 4.02 million shares or 14.39% less from 4.70 million shares in 2016Q3 were reported.
National Planning reported 0.06% stake. Rivernorth Cap Mngmt Limited Liability Corporation owns 64,600 shares or 0.04% of their US portfolio. State Bank Of America De holds 124,180 shares. Aviance Cap Prns Limited Liability Corporation holds 0.14% or 42,995 shares in its portfolio. Hanson Mcclain Inc owns 1,326 shares. Moreover, First Allied Advisory Service has 0.01% invested in PIMCO High Income Fund (NYSE:PHK) for 30,402 shares. Trustmark Savings Bank Trust Department owns 18,448 shares or 0.02% of their US portfolio. Moreover, Us Bancshares De has 0% invested in PIMCO High Income Fund (NYSE:PHK). Stratford Consulting Ltd accumulated 91,306 shares. Florida-based Raymond James Finance Ser Advisors has invested 0% in PIMCO High Income Fund (NYSE:PHK). Carroll Financial Associate holds 0% or 7 shares. Sii Investments Wi reported 0.01% in PIMCO High Income Fund (NYSE:PHK). Cambridge Investment Rech accumulated 105,202 shares. Sunbelt Inc has invested 0% in PIMCO High Income Fund (NYSE:PHK). Pinnacle Associate Limited owns 23,000 shares.

The stock of Pimco High Income Fund (NYSE:PHK) registered an increase of 1.78% in short interest. PHK’s total short interest was 2.28M shares in September as published by FINRA. Its up 1.78% from 2.24 million shares, reported previously. With 407,800 shares average volume, it will take short sellers 6 days to cover their PHK’s short positions.

The stock increased 0.12% or $0.01 on September 15, reaching $8.34. About 522,841 shares traded. PIMCO High Income Fund (NYSE:PHK) has declined 4.25% since September 17, 2016 and is downtrending. It has underperformed by 20.95% the S&P500.

PIMCO High Income Fund is a closed-end management investment company. The company has market cap of $1.07 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.

More notable recent PIMCO High Income Fund (NYSE:PHK) news were published by: Seekingalpha.com which released: “Why You Can’t Just Buy PIMCO: CEF Weekly Update” on September 04, 2017, also Fool.com with their article: “Why PIMCO High Income Fund Dropped 10% Today” published on February 02, 2017, Nasdaq.com published: “3 Zacks Rank #1 PIMCO Mutual Funds to Invest In” on September 13, 2017. More interesting news about PIMCO High Income Fund (NYSE:PHK) were released by: Seekingalpha.com and their article: “Even After Recent Drop, Avoid PIMCO High Income Fund” published on February 10, 2017 as well as Seekingalpha.com‘s news article titled: “PHK Is Still In The Sell Column” with publication date: July 16, 2017.

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