PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 119,199 shares, a decrease of 47.9% from the May 14th total of 228,920 shares. Based on an average daily trading volume, of 192,793 shares, the short-interest ratio is currently 0.6 days.
PIMCO Income Strategy Fund Trading Up 0.2%
NYSE PFL opened at $7.68 on Tuesday. The company has a 50 day moving average price of $7.89 and a two-hundred day moving average price of $8.17. PIMCO Income Strategy Fund has a 12-month low of $7.58 and a 12-month high of $8.70.
PIMCO Income Strategy Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be issued a $0.0814 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 12.7%.
Hedge Funds Weigh In On PIMCO Income Strategy Fund
About PIMCO Income Strategy Fund
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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