PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Update

PIMCO Income Strategy Fund II (NYSE:PFN – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 892,347 shares, a decline of 36.6% from the August 15th total of 1,408,570 shares. Based on an average daily trading volume, of 344,609 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Several hedge funds have recently added to or reduced their stakes in PFN. Bank of America Corp DE acquired a new stake in shares of PIMCO Income Strategy Fund II in the second quarter valued at about $2,238,000. Royal Bank of Canada lifted its stake in shares of PIMCO Income Strategy Fund II by 404.2% in the first quarter. Royal Bank of Canada now owns 378,002 shares of the financial services provider’s stock worth $2,605,000 after acquiring an additional 303,031 shares during the period. Susquehanna International Group LLP boosted its holdings in PIMCO Income Strategy Fund II by 760.8% in the second quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock valued at $1,596,000 after acquiring an additional 197,789 shares during the last quarter. Simplicity Wealth LLC bought a new stake in PIMCO Income Strategy Fund II in the second quarter valued at approximately $1,222,000. Finally, Advisory Solutions Group LLC acquired a new stake in PIMCO Income Strategy Fund II during the 2nd quarter valued at approximately $705,000.

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PIMCO Income Strategy Fund II Stock Down 0.8%

Shares of PFN traded down $0.06 during trading hours on Friday, reaching $6.50. The stock had a trading volume of 219,825 shares, compared to its average volume of 475,946. PIMCO Income Strategy Fund II has a 12 month low of $6.45 and a 12 month high of $7.65. The company’s 50-day moving average is $6.98 and its two-hundred day moving average is $6.96.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Friday, September 11th.

About PIMCO Income Strategy Fund II

(Get Free Report)

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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