Traders are a little more bullish on the company recently if you pay attention to the downtick in short interest. The firm saw a fall in short interest of -49.20% as of August 31, 2017 from the last reporting period. Short shares fell 147,944 over that period.
These firms have modified their investment in PFL. Ubs Group Ag grew its position by buying 39,463 shares an increase of 994.5%. Ubs Group Ag currently owns 43,431 shares worth $513,000. The total value of its holdings increased 1,065.9%. Creative Planning added to its holdings by buying 2,989 shares an increase of 1.3% from 03/31/2017 to 06/30/2017. Creative Planning claims 235,522 shares valued at $2,782,000. The value of the position overall is up by 7.2%.
National Planning Corp bolstered its investment by buying 41,268 shares an increase of 45.9% as of 06/30/2017. National Planning Corp now holds 131,186 shares with a value of $1,564,000. The value of the position overall is up by 54.4%. Nuveen Asset Management, LLC downsized its stake by selling 59,000 shares a decrease of 35.6% in the quarter. Nuveen Asset Management, LLC owns 106,500 shares with a value of $1,258,000. The total value of its holdings decreased 31.9%.
The company is unchanged by %% since yesterday’s close of 11.99. Shares last traded at $11.99 which is a tad under the 50 day moving average which is $12.07 and a tad higher than the 200 day moving average of $11.71. The 50 day moving average was down by -0.68% and the 200 day average went up $0.28 or +2.36%.
PIMCO Floating Rate Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, consistent with the preservation of capital by investing primarily in floating-rate debt instruments, a substantial portion of which will be senior floating-rate loans. Allianz Global Investors Fund Management LLC serves as the Funds’ investment manager and is an indirect wholly owned subsidiary of Allianz Global Investors of America L.P. (Allianz Global). Allianz Global is an indirect majority-owned subsidiary of Allianz AG. The Fund’s sub-advisor is Pacific Investment Management Company LLC..