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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 16,300 shares, a growth of 69.8% from the January 31st total of 9,600 shares. Based on an average daily trading volume, of 267,300 shares, the days-to-cover ratio is presently 0.1 days.

Insiders Place Their Bets

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. acquired 2,000 shares of the business’s stock in a transaction on Friday, December 20th. The stock was purchased at an average price of $25.14 per share, for a total transaction of $50,280.00. Following the transaction, the insider now owns 6,810,213 shares in the company, valued at $171,208,754.82. This trade represents a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have bought 757,236 shares of company stock valued at $20,847,793.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

Several hedge funds have recently modified their holdings of PDX. Allspring Global Investments Holdings LLC raised its position in PIMCO Dynamic Income Strategy Fund by 13.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,965 shares of the company’s stock worth $424,000 after purchasing an additional 2,087 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of PIMCO Dynamic Income Strategy Fund by 13.0% during the third quarter. Advisors Asset Management Inc. now owns 498,761 shares of the company’s stock worth $11,766,000 after acquiring an additional 57,202 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of PIMCO Dynamic Income Strategy Fund by 3.0% during the third quarter. HighTower Advisors LLC now owns 56,482 shares of the company’s stock valued at $1,337,000 after acquiring an additional 1,644 shares during the period. Stifel Financial Corp boosted its holdings in PIMCO Dynamic Income Strategy Fund by 0.6% in the third quarter. Stifel Financial Corp now owns 502,899 shares of the company’s stock valued at $11,864,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund in the third quarter worth about $4,824,000.

PIMCO Dynamic Income Strategy Fund Stock Performance

Shares of PIMCO Dynamic Income Strategy Fund stock traded up $0.36 during trading on Friday, reaching $25.11. The company’s stock had a trading volume of 96,987 shares, compared to its average volume of 353,884. The stock has a 50-day moving average price of $26.60 and a two-hundred day moving average price of $25.08. PIMCO Dynamic Income Strategy Fund has a one year low of $19.96 and a one year high of $32.88.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be paid a $0.1334 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Thursday, February 13th.