Saba Capital Management LP recently announced the acquisition of new stake in PIMCO Energy and Tactical Credit Opportunities Fund (NYSE:NRGX). The institutional investor has increased its shareholding in the Financial company by 2.92% to 2.29 million shares with purchase of 65144.0 shares. This fresh investment now brings its stake to 5.13% valued currently at $34.27 million. In addition, RiverNorth Capital Management LLC raised its holdings by 27138.0 to 2.29 million shares. And UBS Financial Services, Inc. has lifted its position by 5.81% or 88087.0 shares – to 1.6 million shares.
With over 0.11 million PIMCO Energy and Tactical Credit Opportunities Fund (NRGX) shares trading Monday and a closing price of $15.76 on the day, the dollar volume was approximately $1.69 million. The shares have shown a positive half year performance of 14.53% and its price on 01/23/23 gained nearly 2.07%. Currently, there are 44.71M common shares owned by the public and among those 42.54M shares have been available to trade.
The top 3 mutual fund holders in PIMCO Energy and Tactical Credit Opportunities Fund are RiverNorth Opportunities Fund Inc, Matisse Discounted Closed End Fun, and Cohen & Steers Closed End Opportu. RiverNorth Opportunities Fund Inc owns 0.64 million shares of the company’s stock, all valued at over $9.49 million. Cohen & Steers Closed End Opportu bought 44095.0 shares to bring its total holdings to over 0.19 million shares at a value of $2.82 million. Cohen & Steers Closed End Opportu now owns shares totaling to 0.42% of the shares outstanding.
However, the script later moved the day high at 15.80, up 2.07%. The company’s stock has a 5-day price change of 1.55% and 7.50% over the past three months. NRGX shares are trading 5.49% year to date (YTD), with the 12-month market performance up to 14.20% higher. It has a 12-month low price of $12.29 and touched a high of $16.26 over the same period. NRGX has an average intraday trading volume of 79.62K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.37%, 3.05%, and 6.78% respectively.
Institutional ownership of PIMCO Energy and Tactical Credit Opportunities Fund (NYSE: NRGX) shares accounts for 35.17% of the company’s 44.71M shares outstanding. Mutual fund holders own 31.31%, while other institutional holders and individual stakeholders account for 6.83% and 3.14% respectively.
It has a market capitalization of $704.58M. The stock’s trailing 12-month PE ratio is 8.95, while the earnings-per-share (ttm) stands at $1.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.85% over the week and 2.49% over the month.