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

PIMCO Income Strategy Fund II (NYSE:PFN) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 361,420 shares, an increase of 125.0% from the June 15th total of 160,597 shares. Based on an average daily trading volume, of 397,540 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Several hedge funds and other institutional investors have recently bought and sold shares of PFN. Comerica Bank increased its position in shares of PIMCO Income Strategy Fund II by 45.8% in the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,375 shares during the last quarter. TrueMark Investments LLC raised its stake in shares of PIMCO Income Strategy Fund II by 3.7% in the 4th quarter. TrueMark Investments LLC now owns 45,820 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,639 shares in the last quarter. Integrity Advisory Solutions LLC lifted its position in shares of PIMCO Income Strategy Fund II by 16.6% during the fourth quarter. Integrity Advisory Solutions LLC now owns 13,762 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,962 shares during the last quarter. Sanctuary Advisors LLC grew its stake in PIMCO Income Strategy Fund II by 4.7% in the fourth quarter. Sanctuary Advisors LLC now owns 46,339 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 2,061 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in PIMCO Income Strategy Fund II by 9.0% in the third quarter. SeaCrest Wealth Management LLC now owns 25,714 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 2,120 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Up 0.5%

Shares of PIMCO Income Strategy Fund II stock traded up $0.04 during trading hours on Thursday, hitting $7.17. 873,338 shares of the company’s stock traded hands, compared to its average volume of 473,596. PIMCO Income Strategy Fund II has a twelve month low of $6.53 and a twelve month high of $7.67. The stock has a 50 day simple moving average of $6.95 and a 200-day simple moving average of $7.11.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be issued a $0.0718 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 12.0%.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.