PIMCO Income Strategy Fund (NYSE:PFL) Sees Significant Decrease in Short Interest

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 55,700 shares, a decrease of 56.2% from the October 15th total of 127,200 shares. Based on an average daily volume of 148,400 shares, the days-to-cover ratio is presently 0.4 days.

PIMCO Income Strategy Fund Trading Down 1.7 %

Shares of PIMCO Income Strategy Fund stock traded down $0.14 on Wednesday, reaching $8.27. 191,882 shares of the stock were exchanged, compared to its average volume of 124,928. PIMCO Income Strategy Fund has a 1-year low of $7.61 and a 1-year high of $8.81. The business has a fifty day moving average price of $8.54 and a two-hundred day moving average price of $8.36.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.0814 per share. This represents a $0.98 annualized dividend and a yield of 11.81%. The ex-dividend date is Tuesday, November 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in shares of PIMCO Income Strategy Fund by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 124,640 shares of the investment management company’s stock worth $1,016,000 after acquiring an additional 1,616 shares during the period. D.A. Davidson & CO. increased its position in shares of PIMCO Income Strategy Fund by 9.8% in the third quarter. D.A. Davidson & CO. now owns 24,637 shares of the investment management company’s stock valued at $211,000 after buying an additional 2,200 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of PIMCO Income Strategy Fund by 9.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 48,154 shares of the investment management company’s stock worth $408,000 after buying an additional 4,150 shares in the last quarter. Cetera Investment Advisers grew its stake in PIMCO Income Strategy Fund by 3.1% in the 2nd quarter. Cetera Investment Advisers now owns 185,296 shares of the investment management company’s stock valued at $1,510,000 after acquiring an additional 5,625 shares during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in PIMCO Income Strategy Fund by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 252,397 shares of the investment management company’s stock valued at $2,057,000 after acquiring an additional 7,693 shares in the last quarter.

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.