PIMCO Income Strategy Fund II (NYSE:PFN) Sees Large Increase in Short Interest

PIMCO Income Strategy Fund II (NYSE:PFN) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 263,800 shares, an increase of 81.8% from the February 13th total of 145,100 shares. Based on an average daily volume of 305,300 shares, the days-to-cover ratio is presently 0.9 days.

PIMCO Income Strategy Fund II Trading Up 0.1 %

Shares of NYSE:PFN traded up $0.01 on Friday, hitting $7.45. The company’s stock had a trading volume of 202,237 shares, compared to its average volume of 284,432. PIMCO Income Strategy Fund II has a 12 month low of $6.96 and a 12 month high of $7.77. The stock’s 50-day moving average is $7.52 and its two-hundred day moving average is $7.51.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a $0.0718 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.86 annualized dividend and a dividend yield of 11.57%.

Institutional Trading of PIMCO Income Strategy Fund II

Several institutional investors have recently modified their holdings of PFN. GPS Wealth Strategies Group LLC lifted its holdings in shares of PIMCO Income Strategy Fund II by 114.2% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock valued at $30,000 after buying an additional 2,169 shares during the period. Putney Financial Group LLC acquired a new stake in shares of PIMCO Income Strategy Fund II in the fourth quarter valued at $40,000. Ameriflex Group Inc. acquired a new stake in shares of PIMCO Income Strategy Fund II in the fourth quarter valued at $57,000. Focus Partners Wealth acquired a new stake in shares of PIMCO Income Strategy Fund II in the fourth quarter valued at $78,000. Finally, World Investment Advisors acquired a new stake in shares of PIMCO Income Strategy Fund II in the fourth quarter valued at $80,000.

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.