PIMCO Income Strategy Fund II (NYSE:PFN) Sees Large Increase in Short Interest

PIMCO Income Strategy Fund II (NYSE:PFN) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 1,130,000 shares, an increase of 43.1% from the September 30th total of 789,600 shares. Based on an average trading volume of 364,000 shares, the days-to-cover ratio is currently 3.1 days. Based on an average trading volume of 364,000 shares, the days-to-cover ratio is currently 3.1 days.

PIMCO Income Strategy Fund II Stock Performance

PFN stock traded down $0.02 during trading on Tuesday, hitting $7.49. The company had a trading volume of 242,056 shares, compared to its average volume of 331,762. The business has a 50-day moving average of $7.55 and a 200-day moving average of $7.43. PIMCO Income Strategy Fund II has a one year low of $6.26 and a one year high of $7.67.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.0718 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a yield of 11.5%.

Institutional Trading of PIMCO Income Strategy Fund II

Several institutional investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its stake in PIMCO Income Strategy Fund II by 5.8% in the second quarter. Guggenheim Capital LLC now owns 1,889,151 shares of the financial services provider’s stock valued at $13,961,000 after buying an additional 103,251 shares during the period. LPL Financial LLC lifted its stake in PIMCO Income Strategy Fund II by 2.7% in the first quarter. LPL Financial LLC now owns 1,138,700 shares of the financial services provider’s stock valued at $8,586,000 after buying an additional 29,534 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of PIMCO Income Strategy Fund II by 1.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,016,015 shares of the financial services provider’s stock worth $7,508,000 after purchasing an additional 14,472 shares during the period. Ameriprise Financial Inc. raised its position in shares of PIMCO Income Strategy Fund II by 11.2% during the second quarter. Ameriprise Financial Inc. now owns 758,129 shares of the financial services provider’s stock worth $5,603,000 after purchasing an additional 76,379 shares during the period. Finally, Invesco Ltd. raised its position in shares of PIMCO Income Strategy Fund II by 4.2% during the second quarter. Invesco Ltd. now owns 670,454 shares of the financial services provider’s stock worth $4,955,000 after purchasing an additional 27,195 shares during the period.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.