Short Interest in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Expands By 64.3%

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 222,000 shares, a growth of 64.3% from the March 31st total of 135,100 shares. Based on an average daily trading volume, of 137,400 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc acquired a new position in PIMCO Strategic Income Fund in the fourth quarter valued at about $2,583,000. LPL Financial LLC raised its stake in PIMCO Strategic Income Fund by 19.0% in the third quarter. LPL Financial LLC now owns 643,213 shares of the investment management company’s stock valued at $3,415,000 after purchasing an additional 102,907 shares in the last quarter. Kestra Advisory Services LLC raised its stake in PIMCO Strategic Income Fund by 51.0% in the third quarter. Kestra Advisory Services LLC now owns 315,261 shares of the investment management company’s stock valued at $1,674,000 after purchasing an additional 106,524 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in PIMCO Strategic Income Fund in the fourth quarter valued at about $537,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in PIMCO Strategic Income Fund by 12.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 44,462 shares of the investment management company’s stock valued at $270,000 after purchasing an additional 4,920 shares in the last quarter. Institutional investors and hedge funds own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Stock Down 0.1 %

Shares of RCS traded down $0.01 during midday trading on Friday, reaching $5.69. 57,879 shares of the stock were exchanged, compared to its average volume of 136,895. PIMCO Strategic Income Fund has a twelve month low of $4.51 and a twelve month high of $6.31. The stock’s 50 day simple moving average is $6.02 and its 200 day simple moving average is $5.80.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be paid a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 10.76%. The ex-dividend date is Wednesday, April 10th.

About PIMCO Strategic Income Fund

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.