Short Interest in PIMCO Income Strategy Fund II (NYSE:PFN) Increases By 109.1%

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 145,100 shares, an increase of 109.1% from the January 31st total of 69,400 shares. Based on an average daily volume of 294,900 shares, the days-to-cover ratio is currently 0.5 days.

PIMCO Income Strategy Fund II Price Performance

Shares of PIMCO Income Strategy Fund II stock traded up $0.02 on Friday, reaching $7.58. 304,595 shares of the company’s stock were exchanged, compared to its average volume of 282,726. PIMCO Income Strategy Fund II has a 52 week low of $6.96 and a 52 week high of $7.76. The firm’s 50-day moving average is $7.50 and its two-hundred day moving average is $7.49.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be issued a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC grew its stake in shares of PIMCO Income Strategy Fund II by 24.4% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,623,307 shares of the financial services provider’s stock valued at $19,990,000 after buying an additional 513,824 shares during the period. Raymond James Financial Inc. acquired a new stake in PIMCO Income Strategy Fund II in the fourth quarter valued at approximately $3,445,000. Noble Wealth Management PBC bought a new stake in shares of PIMCO Income Strategy Fund II during the fourth quarter valued at approximately $2,471,000. Guggenheim Capital LLC raised its position in shares of PIMCO Income Strategy Fund II by 21.1% during the fourth quarter. Guggenheim Capital LLC now owns 1,713,668 shares of the financial services provider’s stock worth $12,767,000 after purchasing an additional 298,861 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of PIMCO Income Strategy Fund II by 70.3% in the 3rd quarter. Private Trust Co. NA now owns 181,660 shares of the financial services provider’s stock worth $1,384,000 after purchasing an additional 75,020 shares in the last quarter.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.