Short Interest in PIMCO Income Strategy Fund (NYSE:PFL) Expands By 168.5%

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 425,399 shares, an increase of 168.5% from the July 15th total of 158,444 shares. Based on an average trading volume of 309,469 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new position in PIMCO Income Strategy Fund in the fourth quarter worth $29,000. Allworth Financial LP acquired a new stake in shares of PIMCO Income Strategy Fund in the second quarter valued at $32,000. Sprinkle Financial Consultants LLC bought a new position in shares of PIMCO Income Strategy Fund in the first quarter valued at about $80,000. Jane Street Group LLC bought a new position in shares of PIMCO Income Strategy Fund in the first quarter valued at about $94,000. Finally, CoreCap Advisors LLC lifted its position in PIMCO Income Strategy Fund by 47.9% during the 2nd quarter. CoreCap Advisors LLC now owns 12,345 shares of the investment management company’s stock worth $97,000 after buying an additional 4,000 shares in the last quarter.

PIMCO Income Strategy Fund Stock Down 1.2%

Shares of NYSE:PFL opened at $7.74 on Friday. PIMCO Income Strategy Fund has a fifty-two week low of $7.52 and a fifty-two week high of $8.70. The business has a 50-day moving average of $7.74 and a two-hundred day moving average of $7.97.

PIMCO Income Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be given a $0.0814 dividend. The ex-dividend date is Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 12.6%.

PIMCO Income Strategy Fund Company Profile

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.