Investors are feeling more bullish on shares of the company lately as evidenced by the decrease in short interest. The stock realized a fall in short interest between August 15, 2017 and August 31, 2017 of -10.92%. Short shares decreased from 97,328 to 86,701 over that period.
A few notable investment firms have updated their holdings. As of the end of the quarter Next Financial Group, Inc had acquired 1,089 shares growing its position 198.0%. The value of the investment in Pimco Global Stocksplus & Incom increased from $10,000 to $30,000,000 a change of $29,990,000 for the reporting period. As of quarter end Traynor Capital Management, Inc. had bought a total of 185 shares growing its holdings by 0.4%. The value of the total investment in Pimco Global Stocksplus & Incom went from $1,087,000 to $927,000 a change of 14.7% quarter to quarter.
As of the end of the quarter Ubs Group Ag had disposed of a total of 2,295 shares trimming its stake by 30.1%. The value in dollars went from $132,000 to $98,000 decreasing 25.8% since the last quarter. As of the end of the quarter Commonwealth Equity Services, Inc had bought a total of 19,636 shares growing its holdings by 16.9%. The value of the investment in PGP increased from $2,021,000 to $2,499,000 increasing 23.7% quarter over quarter.
The company is trading unchanged from yesterday’s close of 16.50. Shares are trading at $16.50 barely below $16.83, the 50 day moving average and just a bit lower than the 200 day moving average of $17.83. The 50 day moving average moved down $-0.33 and the 200 day average was down $-1.33.
PIMCO Global StocksPLUS & Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund invests in equity index derivative instruments relating to United States and non-United States markets, backed by a low-duration (1 to 3 year) debt portfolio with an average credit quality that is investment grade. The Fund’s investment manager is Allianz Global Investors Fund Management LLC, which is an indirect wholly owned subsidiary of Allianz Global..