PIMCO Income Strategy Fund (NYSE:PFL) Sees Significant Increase in Short Interest

by · The Markets Daily

PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,156,422 shares, a growth of 34.7% from the November 30th total of 858,345 shares. Based on an average daily volume of 254,268 shares, the days-to-cover ratio is currently 4.5 days. Based on an average daily volume of 254,268 shares, the days-to-cover ratio is currently 4.5 days.

Institutional Trading of PIMCO Income Strategy Fund

Several hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in PIMCO Income Strategy Fund in the second quarter valued at approximately $34,000. CoreCap Advisors LLC grew its holdings in shares of PIMCO Income Strategy Fund by 19.1% in the third quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock worth $90,000 after purchasing an additional 1,700 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of PIMCO Income Strategy Fund in the first quarter worth $94,000. Hohimer Wealth Management LLC bought a new stake in PIMCO Income Strategy Fund during the 3rd quarter valued at $101,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in PIMCO Income Strategy Fund by 18.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,912 shares of the investment management company’s stock valued at $102,000 after buying an additional 1,863 shares during the last quarter.

PIMCO Income Strategy Fund Stock Up 0.4%

PFL traded up $0.03 during midday trading on Wednesday, hitting $8.49. The stock had a trading volume of 768,711 shares, compared to its average volume of 177,869. PIMCO Income Strategy Fund has a 1 year low of $7.11 and a 1 year high of $8.70. The business has a fifty day moving average of $8.40 and a 200 day moving average of $8.42.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a dividend of $0.0814 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 11.5%.

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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