PIMCO Income Strategy Fund (NYSE:PFL) Sees Large Growth in Short Interest

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 187,600 shares, a growth of 75.5% from the January 31st total of 106,900 shares. Based on an average trading volume of 155,200 shares, the short-interest ratio is currently 1.2 days.

PIMCO Income Strategy Fund Stock Up 0.2 %

PFL stock opened at $8.57 on Tuesday. PIMCO Income Strategy Fund has a 52-week low of $7.95 and a 52-week high of $8.81. The company has a fifty day moving average price of $8.46 and a 200-day moving average price of $8.47.

PIMCO Income Strategy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th were given a dividend of $0.0814 per share. This represents a $0.98 annualized dividend and a dividend yield of 11.40%. The ex-dividend date of this dividend was Thursday, February 13th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Several large investors have recently modified their holdings of the company. Rivernorth Capital Management LLC increased its position in shares of PIMCO Income Strategy Fund by 141.8% during the third quarter. Rivernorth Capital Management LLC now owns 1,248,835 shares of the investment management company’s stock worth $10,703,000 after buying an additional 732,282 shares during the period. Guggenheim Capital LLC increased its position in shares of PIMCO Income Strategy Fund by 27.5% during the fourth quarter. Guggenheim Capital LLC now owns 470,241 shares of the investment management company’s stock worth $3,941,000 after buying an additional 101,412 shares during the period. Invesco Ltd. increased its position in shares of PIMCO Income Strategy Fund by 5.7% during the fourth quarter. Invesco Ltd. now owns 304,143 shares of the investment management company’s stock worth $2,549,000 after buying an additional 16,467 shares during the period. Atria Wealth Solutions Inc. grew its holdings in PIMCO Income Strategy Fund by 4.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 264,141 shares of the investment management company’s stock worth $2,214,000 after purchasing an additional 10,694 shares during the period. Finally, Stifel Financial Corp grew its holdings in PIMCO Income Strategy Fund by 3.6% in the fourth quarter. Stifel Financial Corp now owns 249,509 shares of the investment management company’s stock worth $2,091,000 after purchasing an additional 8,649 shares during the period.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund 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 invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.