PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 42,560 shares, a decrease of 81.8% from the September 15th total of 234,300 shares. Based on an average trading volume of 361,874 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of PIMCO Income Strategy Fund
Several institutional investors and hedge funds have recently bought and sold shares of the company. Independent Financial Group LLC purchased a new stake in shares of PIMCO Income Strategy Fund in the first quarter worth $4,192,000. Centaurus Financial Inc. purchased a new position in PIMCO Income Strategy Fund during the second quarter worth about $2,025,000. Bank of America Corp DE purchased a new position in PIMCO Income Strategy Fund during the second quarter worth about $1,611,000. Sanctuary Advisors LLC bought a new position in PIMCO Income Strategy Fund in the 2nd quarter worth about $342,000. Finally, Cetera Investment Advisers increased its stake in PIMCO Income Strategy Fund by 23.7% in the 1st quarter. Cetera Investment Advisers now owns 214,507 shares of the investment management company’s stock worth $1,716,000 after acquiring an additional 41,040 shares during the last quarter.
PIMCO Income Strategy Fund Trading Down 0.3%
PFL stock opened at $6.95 on Friday. The stock has a fifty day moving average of $7.38 and a 200-day moving average of $7.67. PIMCO Income Strategy Fund has a fifty-two week low of $6.74 and a fifty-two week high of $8.65.
PIMCO Income Strategy Fund Dividend Announcement
About PIMCO Income Strategy Fund
PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.
PFL invests primarily in a diversified portfolio of income-producing securities. Its holdings may include corporate bonds, government and agency debt, mortgage-related securities, emerging-market debt and other fixed-income instruments issued by borrowers in the United States and international markets.
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