Short Interest in PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Rises By 740.5%

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 31,100 shares, a growth of 740.5% from the February 28th total of 3,700 shares. Based on an average daily trading volume, of 256,100 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO Dynamic Income Strategy Fund Trading Down 0.2 %

Shares of NYSE PDX traded down $0.05 during trading on Thursday, reaching $23.97. The company had a trading volume of 70,486 shares, compared to its average volume of 127,420. The company’s fifty day moving average price is $25.43 and its 200-day moving average price is $25.20. PIMCO Dynamic Income Strategy Fund has a 12 month low of $20.53 and a 12 month high of $32.88.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.1334 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend is Thursday, March 13th.

Insider Activity

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. acquired 731,721 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average price of $27.60 per share, with a total value of $20,195,499.60. Following the completion of the purchase, the insider now directly owns 7,541,934 shares in the company, valued at $208,157,378.40. This trade represents a 10.74 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

Hedge funds have recently modified their holdings of the stock. Noble Wealth Management PBC acquired a new stake in PIMCO Dynamic Income Strategy Fund in the fourth quarter worth $500,000. Convergence Financial LLC bought a new position in shares of PIMCO Dynamic Income Strategy Fund during the 4th quarter worth about $203,000. Allspring Global Investments Holdings LLC boosted its position in shares of PIMCO Dynamic Income Strategy Fund by 35.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,306 shares of the company’s stock worth $635,000 after purchasing an additional 6,341 shares in the last quarter. Financial Perspectives Inc acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund in the 4th quarter valued at about $85,000. Finally, Sapient Capital LLC bought a new stake in PIMCO Dynamic Income Strategy Fund in the 4th quarter valued at about $220,000.