Short Interest in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Grows By 64.3%

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 222,000 shares, an increase of 64.3% from the March 31st total of 135,100 shares. Based on an average trading volume of 137,400 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in PIMCO Strategic Income Fund by 2.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 103,249 shares of the investment management company’s stock worth $548,000 after purchasing an additional 2,010 shares in the last quarter. Principal Securities Inc. purchased a new position in PIMCO Strategic Income Fund in the 4th quarter worth about $28,000. Raymond James Financial Services Advisors Inc. increased its stake in PIMCO Strategic Income Fund by 12.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 44,462 shares of the investment management company’s stock worth $270,000 after purchasing an additional 4,920 shares in the last quarter. Bison Wealth LLC increased its stake in PIMCO Strategic Income Fund by 14.5% in the 3rd quarter. Bison Wealth LLC now owns 42,315 shares of the investment management company’s stock worth $225,000 after purchasing an additional 5,366 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its stake in PIMCO Strategic Income Fund by 5.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 156,757 shares of the investment management company’s stock worth $953,000 after purchasing an additional 8,437 shares in the last quarter. 13.48% of the stock is owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Price Performance

NYSE:RCS traded up $0.06 during mid-day trading on Monday, reaching $5.75. 52,789 shares of the stock were exchanged, compared to its average volume of 135,964. The business has a fifty day moving average price of $6.01 and a 200 day moving average price of $5.81. PIMCO Strategic Income Fund has a 1-year low of $4.51 and a 1-year high of $6.31.

PIMCO Strategic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 10.64%. The ex-dividend date is Wednesday, April 10th.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Global Government Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.