PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Short Interest Up 740.5% in March

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 31,100 shares, a growth of 740.5% from the February 28th total of 3,700 shares. Based on an average daily trading volume, of 256,100 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO Dynamic Income Strategy Fund Stock Up 1.7 %

Shares of PDX stock traded up $0.40 during mid-day trading on Friday, hitting $24.35. The stock had a trading volume of 62,572 shares, compared to its average volume of 261,890. PIMCO Dynamic Income Strategy Fund has a fifty-two week low of $20.53 and a fifty-two week high of $32.88. The company’s 50-day simple moving average is $25.28 and its 200-day simple moving average is $25.19.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a dividend of $0.1334 per share. This represents a $1.60 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend is Thursday, March 13th.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In other news, major shareholder Saba Capital Management, L.P. purchased 731,721 shares of the business’s stock in a transaction on Monday, January 13th. The shares were bought at an average price of $27.60 per share, with a total value of $20,195,499.60. Following the completion of the transaction, the insider now directly owns 7,541,934 shares in the company, valued at approximately $208,157,378.40. This represents a 10.74 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC raised its position in 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 worth $1,337,000 after acquiring an additional 1,644 shares during the last quarter. Stifel Financial Corp grew its position in shares of 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 purchasing an additional 2,840 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the 3rd quarter worth approximately $4,824,000. Rivernorth Capital Management LLC raised its position in shares of PIMCO Dynamic Income Strategy Fund by 0.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,965,523 shares of the company’s stock worth $46,367,000 after purchasing an additional 12,728 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in PIMCO Dynamic Income Strategy Fund by 11.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,575 shares of the company’s stock valued at $433,000 after buying an additional 1,650 shares in the last quarter.