PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Down 47.9% in May

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 119,199 shares, a decline of 47.9% from the May 14th total of 228,920 shares. Based on an average daily trading volume, of 192,793 shares, the days-to-cover ratio is presently 0.6 days.

PIMCO Income Strategy Fund Stock Up 1.0%

NYSE:PFL traded up $0.08 during trading hours on Friday, reaching $7.67. 167,291 shares of the company traded hands, compared to its average volume of 203,052. The business’s 50-day moving average price is $7.89 and its two-hundred day moving average price is $8.18. PIMCO Income Strategy Fund has a 1 year low of $7.58 and a 1 year high of $8.70.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a $0.0814 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 12.7%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PFL. Royal Bank of Canada raised its stake in shares of PIMCO Income Strategy Fund by 9.6% in the first quarter. Royal Bank of Canada now owns 167,070 shares of the investment management company’s stock worth $1,437,000 after purchasing an additional 14,645 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of PIMCO Income Strategy Fund in the first quarter worth $94,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of PIMCO Income Strategy Fund by 27.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 15,142 shares of the investment management company’s stock worth $126,000 after acquiring an additional 3,230 shares during the period. Invesco Ltd. grew its holdings in shares of PIMCO Income Strategy Fund by 3.3% in the second quarter. Invesco Ltd. now owns 317,312 shares of the investment management company’s stock worth $2,646,000 after acquiring an additional 10,168 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of PIMCO Income Strategy Fund by 8.5% in the second quarter. NewEdge Advisors LLC now owns 94,400 shares of the investment management company’s stock worth $787,000 after acquiring an additional 7,400 shares during the period.

About PIMCO Income Strategy Fund

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.