PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Stock Price Down 1.1% – Here’s What Happened

PIMCO Dynamic Income Strategy Fund (NYSE:PDX)’s stock price dropped 1.1% during trading on Thursday . The stock traded as low as $23.99 and last traded at $24.04. Approximately 58,355 shares changed hands during trading, a decline of 58% from the average daily volume of 140,263 shares. The stock had previously closed at $24.31.

PIMCO Dynamic Income Strategy Fund Trading Down 1.1%

The firm’s fifty day moving average is $24.55 and its 200 day moving average is $23.70.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, October 14th will be paid a $0.1334 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Tuesday, October 14th.

Insider Buying and Selling

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 13,276 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $24.88, for a total value of $330,306.88. Following the transaction, the insider directly owned 7,489,207 shares in the company, valued at $186,331,470.16. This represents a 0.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 25,054 shares of company stock valued at $618,546.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

A number of hedge funds have recently added to or reduced their stakes in PDX. Ieq Capital LLC bought a new position in PIMCO Dynamic Income Strategy Fund in the 1st quarter worth about $51,282,000. City of London Investment Management Co. Ltd. bought a new position in PIMCO Dynamic Income Strategy Fund in the 1st quarter worth about $7,629,000. Thomas J. Herzfeld Advisors Inc. grew its stake in PIMCO Dynamic Income Strategy Fund by 9.9% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,641,558 shares of the company’s stock worth $40,284,000 after acquiring an additional 148,469 shares in the last quarter. Hollencrest Capital Management grew its stake in PIMCO Dynamic Income Strategy Fund by 40.8% in the 1st quarter. Hollencrest Capital Management now owns 465,645 shares of the company’s stock worth $11,427,000 after acquiring an additional 134,868 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in PIMCO Dynamic Income Strategy Fund by 13.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 819,370 shares of the company’s stock worth $20,107,000 after acquiring an additional 99,650 shares in the last quarter.