PIMCO Strategic Income Fund, Inc. (NYSE:RCS – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 669,800 shares, a decline of 20.5% from the December 15th total of 842,100 shares. Based on an average daily trading volume, of 196,800 shares, the days-to-cover ratio is currently 3.4 days.
PIMCO Strategic Income Fund Price Performance
NYSE RCS traded up $0.09 during trading hours on Friday, reaching $6.56. The company’s stock had a trading volume of 164,594 shares, compared to its average volume of 450,127. The company’s 50-day moving average is $7.40 and its two-hundred day moving average is $7.21. PIMCO Strategic Income Fund has a fifty-two week low of $5.54 and a fifty-two week high of $8.09.
PIMCO Strategic Income Fund Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.32%. The ex-dividend date of this dividend is Monday, January 13th.
Institutional Inflows and Outflows
PIMCO Strategic Income Fund Company Profile
PIMCO Strategic Global Government Fund, Inc 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 primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.
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