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

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 187,600 shares, an increase of 75.5% from the January 31st total of 106,900 shares. Based on an average daily trading volume, of 155,200 shares, the short-interest ratio is currently 1.2 days.

PIMCO Income Strategy Fund Stock Up 0.2 %

Shares of PFL traded up $0.02 during mid-day trading on Monday, hitting $8.57. The company’s stock had a trading volume of 216,845 shares, compared to its average volume of 164,546. The firm has a 50-day simple moving average of $8.46 and a 200 day simple moving average of $8.47. PIMCO Income Strategy Fund has a 1-year low of $7.95 and a 1-year high of $8.81.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.0814 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.40%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of large investors have recently made changes to their positions in PFL. Ameriflex Group Inc. acquired a new position in PIMCO Income Strategy Fund during the fourth quarter worth about $76,000. Bank of America Corp DE boosted its stake in shares of PIMCO Income Strategy Fund by 6.3% during the 4th quarter. Bank of America Corp DE now owns 185,751 shares of the investment management company’s stock worth $1,557,000 after acquiring an additional 11,077 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 4th quarter worth approximately $129,000. Stifel Financial Corp increased its stake in PIMCO Income Strategy Fund by 3.6% in the 4th quarter. Stifel Financial Corp now owns 249,509 shares of the investment management company’s stock valued at $2,091,000 after purchasing an additional 8,649 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in PIMCO Income Strategy Fund by 5.3% during the fourth quarter. NewEdge Advisors LLC now owns 88,050 shares of the investment management company’s stock worth $738,000 after purchasing an additional 4,400 shares during the last quarter.

PIMCO Income Strategy Fund Company Profile

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.