PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Down 40.5% in April

PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 342,914 shares, a drop of 40.5% from the April 15th total of 576,300 shares. Based on an average trading volume of 165,021 shares, the short-interest ratio is presently 2.1 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of institutional investors and hedge funds have recently made changes to their positions in PFL. Independent Financial Group LLC bought a new position in shares of PIMCO Income Strategy Fund during the 1st quarter worth about $4,192,000. GraniteShares Advisors LLC bought a new position in shares of PIMCO Income Strategy Fund during the 4th quarter worth about $2,739,000. Hohimer Wealth Management LLC boosted its position in shares of PIMCO Income Strategy Fund by 2,058.7% during the 4th quarter. Hohimer Wealth Management LLC now owns 256,970 shares of the investment management company’s stock worth $2,166,000 after purchasing an additional 245,066 shares in the last quarter. Guggenheim Capital LLC boosted its position in shares of PIMCO Income Strategy Fund by 23.6% during the 4th quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock worth $8,287,000 after purchasing an additional 187,978 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new position in shares of PIMCO Income Strategy Fund during the 3rd quarter worth about $1,005,000.

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PIMCO Income Strategy Fund Stock Performance

PIMCO Income Strategy Fund stock traded down $0.02 during trading hours on Tuesday, reaching $7.66. 123,475 shares of the company’s stock were exchanged, compared to its average volume of 203,936. The firm’s 50 day simple moving average is $7.99 and its 200 day simple moving average is $8.26. PIMCO Income Strategy Fund has a twelve month low of $7.60 and a twelve month high of $8.70.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be issued a dividend of $0.0814 per share. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Monday, May 11th.

PIMCO Income Strategy Fund Company Profile

(Get Free Report)

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.

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