PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 101,860 shares, a growth of 139.3% from the September 30th total of 42,560 shares. Based on an average daily volume of 326,417 shares, the short-interest ratio is currently 0.3 days.
PIMCO Income Strategy Fund Stock Performance
Shares of PFL stock opened at $6.77 on Friday. The company’s 50 day moving average price is $7.08 and its two-hundred day moving average price is $7.76. PIMCO Income Strategy Fund has a 52 week low of $6.60 and a 52 week high of $8.54.
PIMCO Income Strategy Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be issued a $0.0814 dividend. This represents a $0.98 annualized dividend and a dividend yield of 14.4%. The ex-dividend date is Tuesday, October 13th.
Institutional Investors Weigh In On PIMCO Income Strategy Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Independent Financial Group LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 1st quarter valued at about $4,192,000. Shaker Financial Services LLC boosted its position in shares of PIMCO Income Strategy Fund by 85.8% during the third quarter. Shaker Financial Services LLC now owns 548,253 shares of the investment management company’s stock worth $3,809,000 after buying an additional 253,173 shares during the period. GraniteShares Advisors LLC boosted its position in shares of PIMCO Income Strategy Fund by 1.6% during the third quarter. GraniteShares Advisors LLC now owns 340,656 shares of the investment management company’s stock worth $2,351,000 after buying an additional 5,268 shares during the period. Centaurus Financial Inc. acquired a new position in shares of PIMCO Income Strategy Fund during the second quarter worth about $2,025,000. Finally, Royal Bank of Canada grew its holdings in shares of PIMCO Income Strategy Fund by 16.1% during the first quarter. Royal Bank of Canada now owns 235,475 shares of the investment management company’s stock worth $1,884,000 after buying an additional 32,669 shares in the last quarter.
About PIMCO Income Strategy Fund
PIMCO Income Strategy Fund (NYSE:PFL) is a closed-end investment fund managed 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 fixed-income securities issued by governments, corporations and other entities. Its investments may include investment-grade and below-investment-grade debt, mortgage- and asset-backed securities, emerging-market debt, and other income-producing instruments.
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