PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Short Interest Up 19.0% in August

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 845,400 shares, an increase of 19.0% from the August 15th total of 710,500 shares. Based on an average daily trading volume, of 146,700 shares, the days-to-cover ratio is presently 5.8 days.

PIMCO Strategic Income Fund Stock Performance

PIMCO Strategic Income Fund stock traded up $0.16 during trading on Friday, reaching $7.66. 255,207 shares of the company were exchanged, compared to its average volume of 136,812. PIMCO Strategic Income Fund has a 52-week low of $4.51 and a 52-week high of $7.68. The stock’s 50 day simple moving average is $6.79 and its two-hundred day simple moving average is $6.29.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.61 annualized dividend and a yield of 7.99%.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RCS. Cambridge Investment Research Advisors Inc. increased its stake in PIMCO Strategic Income Fund by 47.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 816,568 shares of the investment management company’s stock worth $4,973,000 after acquiring an additional 264,294 shares during the last quarter. Milestone Asset Management LLC increased its stake in PIMCO Strategic Income Fund by 170.8% during the second quarter. Milestone Asset Management LLC now owns 234,836 shares of the investment management company’s stock worth $1,458,000 after acquiring an additional 148,122 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in PIMCO Strategic Income Fund by 75.7% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 275,353 shares of the investment management company’s stock worth $1,677,000 after acquiring an additional 118,596 shares during the last quarter. Cetera Investment Advisers increased its stake in PIMCO Strategic Income Fund by 35.4% during the second quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock worth $1,207,000 after acquiring an additional 50,837 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its stake in PIMCO Strategic Income Fund by 135.8% during the first quarter. Atomi Financial Group Inc. now owns 84,536 shares of the investment management company’s stock worth $515,000 after acquiring an additional 48,682 shares during the last quarter. Institutional investors and hedge funds own 13.48% of the company’s stock.

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.