Short Interest in PIMCO Income Strategy Fund (NYSE:PFL) Declines By 13.8%

PIMCO Income Strategy Fund (NYSE:PFL) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 178,800 shares, a decrease of 13.8% from the February 28th total of 207,400 shares. Based on an average daily trading volume, of 156,400 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its stake in PIMCO Income Strategy Fund by 9.8% in the 3rd quarter. D.A. Davidson & CO. now owns 24,637 shares of the investment management company’s stock valued at $211,000 after buying an additional 2,200 shares in the last quarter. Rivernorth Capital Management LLC boosted its stake in shares of PIMCO Income Strategy Fund by 141.8% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,248,835 shares of the investment management company’s stock valued at $10,703,000 after purchasing an additional 732,282 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of PIMCO Income Strategy Fund by 2.5% in the 3rd quarter. Stifel Financial Corp now owns 240,860 shares of the investment management company’s stock worth $2,064,000 after purchasing an additional 5,810 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of PIMCO Income Strategy Fund during the 3rd quarter worth about $108,000. Finally, Sanctuary Advisors LLC lifted its holdings in PIMCO Income Strategy Fund by 10.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 36,239 shares of the investment management company’s stock valued at $305,000 after purchasing an additional 3,302 shares during the last quarter.

PIMCO Income Strategy Fund Price Performance

Shares of NYSE:PFL traded up $0.01 during midday trading on Wednesday, reaching $8.59. 62,245 shares of the company’s stock were exchanged, compared to its average volume of 137,640. The company’s 50 day simple moving average is $8.51 and its two-hundred day simple moving average is $8.49. PIMCO Income Strategy Fund has a 12 month low of $7.95 and a 12 month high of $8.81.

PIMCO Income Strategy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.0814 per share. This represents a $0.98 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date of this dividend was Thursday, March 13th.

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.