PIMCO Income Strategy Fund II (NYSE:PFN – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 361,420 shares, a growth of 125.0% from the June 15th total of 160,597 shares. Based on an average daily volume of 397,540 shares, the short-interest ratio is currently 0.9 days.
PIMCO Income Strategy Fund II Trading Up 0.5%
Shares of PFN stock opened at $7.17 on Friday. PIMCO Income Strategy Fund II has a 1-year low of $6.53 and a 1-year high of $7.67. The stock’s fifty day simple moving average is $6.94 and its 200-day simple moving average is $7.11.
PIMCO Income Strategy Fund II Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a dividend of $0.0718 per share. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date of this dividend is Monday, July 13th.
Institutional Trading of PIMCO Income Strategy Fund II
PIMCO Income Strategy Fund II Company Profile
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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