Short Interest in PIMCO Income Strategy Fund II (NYSE:PFN) Drops By 33.5%

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 175,500 shares, a decrease of 33.5% from the February 28th total of 263,800 shares. Based on an average trading volume of 300,200 shares, the days-to-cover ratio is presently 0.6 days.

PIMCO Income Strategy Fund II Stock Performance

Shares of PFN traded up $0.02 during trading hours on Monday, reaching $7.55. 380,307 shares of the company’s stock traded hands, compared to its average volume of 282,548. PIMCO Income Strategy Fund II has a 12 month low of $6.96 and a 12 month high of $7.77. The firm’s 50 day simple moving average is $7.53 and its 200-day simple moving average is $7.52.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 11.42%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Several hedge funds have recently bought and sold shares of the stock. Centaurus Financial Inc. purchased a new stake in shares of PIMCO Income Strategy Fund II during the 4th quarter valued at $94,000. Ameriflex Group Inc. bought a new position in PIMCO Income Strategy Fund II in the fourth quarter valued at $57,000. Putney Financial Group LLC bought a new position in PIMCO Income Strategy Fund II in the fourth quarter valued at $40,000. Focus Partners Wealth purchased a new stake in PIMCO Income Strategy Fund II during the fourth quarter valued at about $78,000. Finally, CoreCap Advisors LLC lifted its stake in PIMCO Income Strategy Fund II by 5.0% during the fourth quarter. CoreCap Advisors LLC now owns 182,025 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 8,625 shares during the last quarter.

About PIMCO Income Strategy Fund II

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.