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Cover Half Your Shorts Of PGP.

|Includes: PIMCO Global StocksPLUS&Income Fund (PGP), PHK

The Wardrobe significantly outpaced the benchmark by rising 3% largely due to the tremors caused by the departure of Bill Gross from Pimco funds. This caused Pimco High Income Fund (NYSE:PHK) to fall 9% and Pimco Global Stocks Plus & Income Fund (NYSE:PGP) by 8%. If you want to get your money out, it is a good time. We will likely see a rebound. Cover half of PGP.

Disclosure: The author is short PGP.