PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Down 49.4% in November

by · The Cerbat Gem

PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 28,200 shares, a drop of 49.4% from the October 31st total of 55,700 shares. Based on an average daily volume of 146,200 shares, the short-interest ratio is presently 0.2 days.

PIMCO Income Strategy Fund Trading Up 0.7 %

Shares of PFL traded up $0.06 during trading hours on Thursday, reaching $8.48. 125,586 shares of the company traded hands, compared to its average volume of 125,684. PIMCO Income Strategy Fund has a 12 month low of $7.91 and a 12 month high of $8.81. The company’s fifty day moving average price is $8.53 and its two-hundred day moving average price is $8.36.

PIMCO Income Strategy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.0814 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.98 annualized dividend and a yield of 11.52%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in shares of PIMCO Income Strategy Fund by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 124,640 shares of the investment management company’s stock worth $1,016,000 after buying an additional 1,616 shares during the period. D.A. Davidson & CO. grew its holdings in PIMCO Income Strategy Fund by 9.8% in the third quarter. D.A. Davidson & CO. now owns 24,637 shares of the investment management company’s stock worth $211,000 after purchasing an additional 2,200 shares during the period. Sanctuary Advisors LLC increased its stake in shares of PIMCO Income Strategy Fund by 10.0% during the third quarter. Sanctuary Advisors LLC now owns 36,239 shares of the investment management company’s stock valued at $305,000 after purchasing an additional 3,302 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of PIMCO Income Strategy Fund by 3.1% during the second quarter. Cetera Investment Advisers now owns 185,296 shares of the investment management company’s stock valued at $1,510,000 after purchasing an additional 5,625 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of PIMCO Income Strategy Fund by 2.5% during the third quarter. Stifel Financial Corp now owns 240,860 shares of the investment management company’s stock valued at $2,064,000 after purchasing an additional 5,810 shares during the last quarter.

PIMCO Income Strategy Fund Company Profile

(Get Free Report)

PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.

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