PIMCO Income Strategy Fund II (NYSE:PFN – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,221,392 shares, a growth of 85.5% from the July 15th total of 658,426 shares. Based on an average trading volume of 694,703 shares, the short-interest ratio is presently 1.8 days.
Hedge Funds Weigh In On PIMCO Income Strategy Fund II
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its stake in shares of PIMCO Income Strategy Fund II by 39,179.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,479,247 shares of the financial services provider’s stock valued at $11,094,000 after buying an additional 1,475,481 shares during the period. LPL Financial LLC raised its stake in PIMCO Income Strategy Fund II by 0.6% during the 4th quarter. LPL Financial LLC now owns 1,314,714 shares of the financial services provider’s stock worth $9,860,000 after buying an additional 7,692 shares during the period. EverSource Wealth Advisors LLC raised its stake in PIMCO Income Strategy Fund II by 0.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065,739 shares of the financial services provider’s stock worth $7,993,000 after buying an additional 6,573 shares during the period. Ameriprise Financial Inc. boosted its holdings in PIMCO Income Strategy Fund II by 17.4% in the third quarter. Ameriprise Financial Inc. now owns 889,980 shares of the financial services provider’s stock worth $6,717,000 after acquiring an additional 131,851 shares in the last quarter. Finally, Rivernorth Capital Management LLC grew its stake in PIMCO Income Strategy Fund II by 4.3% in the first quarter. Rivernorth Capital Management LLC now owns 838,080 shares of the financial services provider’s stock valued at $5,774,000 after acquiring an additional 34,573 shares during the period.
PIMCO Income Strategy Fund II Price Performance
Shares of NYSE PFN opened at $7.00 on Tuesday. PIMCO Income Strategy Fund II has a 12-month low of $6.53 and a 12-month high of $7.67. The company’s fifty day simple moving average is $7.03 and its 200 day simple moving average is $7.05.
PIMCO Income Strategy Fund II Dividend Announcement
About PIMCO Income Strategy Fund II
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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