Short Interest in PIMCO Income Strategy Fund (NYSE:PFL) Drops By 35.9%

PIMCO Income Strategy Fund (NYSE:PFL) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 52,000 shares, a decline of 35.9% from the December 31st total of 81,100 shares. Based on an average daily trading volume, of 153,100 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Income Strategy Fund Price Performance

PIMCO Income Strategy Fund stock opened at $8.41 on Wednesday. The stock’s 50 day moving average price is $8.43 and its 200 day moving average price is $8.42. PIMCO Income Strategy Fund has a one year low of $7.95 and a one year high of $8.81.

PIMCO Income Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be issued a $0.0814 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.61%.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Institutional investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC grew its stake in PIMCO Income Strategy Fund by 141.8% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,248,835 shares of the investment management company’s stock worth $10,703,000 after buying an additional 732,282 shares during the last quarter. Stifel Financial Corp grew its stake in PIMCO Income Strategy Fund by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 240,860 shares of the investment management company’s stock worth $2,064,000 after buying an additional 5,810 shares during the last quarter. Centaurus Financial Inc. grew its stake in PIMCO Income Strategy Fund by 52.9% during the 3rd quarter. Centaurus Financial Inc. now owns 229,619 shares of the investment management company’s stock worth $1,968,000 after buying an additional 79,458 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of PIMCO Income Strategy Fund by 3.1% in the second quarter. Cetera Investment Advisers now owns 185,296 shares of the investment management company’s stock worth $1,510,000 after purchasing an additional 5,625 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its position in PIMCO Income Strategy Fund by 36.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 135,486 shares of the investment management company’s stock valued at $1,161,000 after buying an additional 36,395 shares in the last quarter.

About PIMCO Income Strategy Fund

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.