Large Outflow of Money Witnessed in PIMCO Dynamic Credit Income Fund

PIMCO Dynamic Credit Income Fund (PCI) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (6.22 million) in PIMCO Dynamic Credit Income Fund (PCI). On Monday, The value of composite uptick trades was $2.94 million, whereas, the value of composite downtick trades was $9.17 million and the ratio between the two was 0.32, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $6.03 million. $0.29 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.05. The negative money flow of ($5.74 million) shows selling on strength. PIMCO Dynamic Credit Income Fund (PCI) gained $0.13 intraday at $19.65 and registrered 0.67% for the week.


PIMCO Dynamic Credit Income Fund is up 14.59% in the last 3-month period. Year-to-Date the stock performance stands at 16.14%. Shares of PIMCO Dynamic Credit Income Fund rose by 0.61% in the last five trading days and 4.74% for the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Compliance Officer) of Pimco Dynamic Credit Income Fund, Guia Youse, had purchased 3,000 shares in a transaction dated on May 11, 2016. The transaction was executed at $18.26 per share with total amount equaling $54,780.

PIMCO Dynamic Credit Income Fund (NYSE:PCI): stock turned positive on Monday. Though the stock opened at $19.59, the bulls momentum made the stock top out at $19.7 level for the day. The stock recorded a low of $19.5601 and closed the trading day at $19.65, in the green by 0.67%. The total traded volume for the day was 907,379. The stock had closed at $19.52 in the previous days trading.

PIMCO Dynamic Credit Income Fund, (the Fund) is a non-diversified closed-end management investment company. The Funds investment objective is to seek current income. Capital appreciation is a secondary objective of the Fund. The Fund will invest at least 50% of its net assets in corporate income-producing securities of varying maturities issued by United States or foreign (non-United States) corporations or other business entities, including emerging market issuers. It will invest at least 80% of its net assets in a portfolio of debt instruments of varying maturities. The Fund may also invest up to 40% of its total assets in securities of issuers economically tied to emerging market countries. Its portfolio of investments includes banks, utilities, wireless, pipelines, independent E&P, integrated oil, non-captive consumer finance, chemicals, broadcasting and brokerage, among others. Pacific Investment Management Company LLC (PIMCO) is the Funds investment manager.

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