Short Interest in PIMCO Income Strategy Fund II (NYSE:PFN) Increases By 125.0%

PIMCO Income Strategy Fund II (NYSE:PFNGet Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 361,420 shares, a growth of 125.0% from the June 15th total of 160,597 shares. Based on an average daily volume of 397,540 shares, the short-interest ratio is currently 0.9 days.

PIMCO Income Strategy Fund II Trading Up 0.5%

Shares of PFN stock opened at $7.17 on Friday. PIMCO Income Strategy Fund II has a 1-year low of $6.53 and a 1-year high of $7.67. The stock’s fifty day simple moving average is $6.94 and its 200-day simple moving average is $7.11.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a dividend of $0.0718 per share. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of PIMCO Income Strategy Fund II

A number of hedge funds have recently made changes to their positions in PFN. Comerica Bank lifted its position in PIMCO Income Strategy Fund II by 45.8% in the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,375 shares in the last quarter. TrueMark Investments LLC grew its stake in PIMCO Income Strategy Fund II by 3.7% in the fourth quarter. TrueMark Investments LLC now owns 45,820 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,639 shares in the last quarter. Integrity Advisory Solutions LLC grew its stake in PIMCO Income Strategy Fund II by 16.6% in the fourth quarter. Integrity Advisory Solutions LLC now owns 13,762 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,962 shares in the last quarter. Sanctuary Advisors LLC increased its position in PIMCO Income Strategy Fund II by 4.7% in the 4th quarter. Sanctuary Advisors LLC now owns 46,339 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 2,061 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its position in PIMCO Income Strategy Fund II by 9.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 25,714 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 2,120 shares during the last quarter.

PIMCO Income Strategy Fund II Company Profile

(Get Free Report)

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.

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