PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Update

PIMCO Income Strategy Fund (NYSE:PFL) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 127,200 shares, an increase of 1,198.0% from the September 30th total of 9,800 shares. Based on an average daily volume of 149,700 shares, the days-to-cover ratio is currently 0.8 days.

PIMCO Income Strategy Fund Stock Performance

Shares of PIMCO Income Strategy Fund stock traded down $0.03 during trading on Friday, hitting $8.52. The company’s stock had a trading volume of 72,123 shares, compared to its average volume of 123,233. PIMCO Income Strategy Fund has a 52 week low of $6.98 and a 52 week high of $8.81. The stock has a 50-day moving average price of $8.50 and a two-hundred day moving average price of $8.33.

PIMCO Income Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be given a dividend of $0.0814 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.98 dividend on an annualized basis and a yield of 11.46%.

Institutional Trading of PIMCO Income Strategy Fund

A number of institutional investors have recently bought and sold shares of PFL. One Capital Management LLC acquired a new position in shares of PIMCO Income Strategy Fund during the second quarter valued at about $990,000. Centaurus Financial Inc. raised its holdings in shares of PIMCO Income Strategy Fund by 89.7% during the second quarter. Centaurus Financial Inc. now owns 150,161 shares of the investment management company’s stock valued at $1,224,000 after purchasing an additional 70,996 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 2nd quarter worth about $272,000. International Assets Investment Management LLC raised its holdings in shares of PIMCO Income Strategy Fund by 782.5% in the 3rd quarter. International Assets Investment Management LLC now owns 25,425 shares of the investment management company’s stock worth $218,000 after acquiring an additional 22,544 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of PIMCO Income Strategy Fund in the 1st quarter worth about $142,000.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.