PIMCO Income Strategy Fund II (NYSE:PFN) Sees Significant Drop in Short Interest

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 453,190 shares, a drop of 49.2% from the August 31st total of 892,347 shares. Based on an average daily trading volume, of 548,433 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of PIMCO Income Strategy Fund II

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new position in shares of PIMCO Income Strategy Fund II during the first quarter worth approximately $28,000. Allworth Financial LP purchased a new stake in shares of PIMCO Income Strategy Fund II in the 2nd quarter valued at $41,000. Fifth Third Bancorp purchased a new stake in PIMCO Income Strategy Fund II during the first quarter valued at about $53,000. World Investment Advisors lifted its stake in shares of PIMCO Income Strategy Fund II by 75.7% in the 4th quarter. World Investment Advisors now owns 18,938 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 8,162 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in shares of PIMCO Income Strategy Fund II by 5.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 2,100 shares during the last quarter.

PIMCO Income Strategy Fund II Trading Down 0.7%

Shares of NYSE:PFN opened at $6.21 on Tuesday. PIMCO Income Strategy Fund II has a 52-week low of $6.15 and a 52-week high of $7.65. The firm has a fifty day moving average of $6.86 and a 200 day moving average of $6.92.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through active management of a diversified portfolio of fixed-income securities.

The fund may invest across global fixed-income markets, including investment-grade and below-investment-grade corporate bonds, government and sovereign debt, mortgage-backed and other asset-backed securities, emerging-market obligations, and other income-producing instruments.