PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Update

PIMCO Income Strategy Fund (NYSE:PFL) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 342,914 shares, a drop of 40.5% from the April 15th total of 576,300 shares. Based on an average daily volume of 165,021 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of PIMCO Income Strategy Fund by 9.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 16,552 shares of the investment management company’s stock valued at $141,000 after buying an additional 1,410 shares during the period. PFG Investments LLC raised its position in shares of PIMCO Income Strategy Fund by 9.3% in the 4th quarter. PFG Investments LLC now owns 23,500 shares of the investment management company’s stock valued at $198,000 after purchasing an additional 2,000 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of PIMCO Income Strategy Fund by 7.2% in the 2nd quarter. Raymond James Financial Inc. now owns 42,755 shares of the investment management company’s stock valued at $357,000 after purchasing an additional 2,864 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of PIMCO Income Strategy Fund in the 4th quarter valued at approximately $29,000. Finally, Highline Wealth Partners LLC raised its position in shares of PIMCO Income Strategy Fund by 1,114.3% in the 4th quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 3,900 shares in the last quarter.

PIMCO Income Strategy Fund Stock Performance

Shares of PIMCO Income Strategy Fund stock traded down $0.04 during trading hours on Monday, reaching $7.68. The stock had a trading volume of 234,461 shares, compared to its average volume of 204,960. The firm has a 50 day simple moving average of $7.99 and a two-hundred day simple moving average of $8.26. PIMCO Income Strategy Fund has a 1 year low of $7.60 and a 1 year high of $8.70.

PIMCO Income Strategy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be issued a $0.0814 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date is Monday, May 11th.

About PIMCO Income Strategy Fund

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.