PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Update

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 441,340 shares, a decrease of 31.3% from the December 15th total of 641,971 shares. Based on an average trading volume of 709,197 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 709,197 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

Hedge funds have recently bought and sold shares of the company. Mallini Complete Financial Planning LLC grew its position in PIMCO Income Strategy Fund II by 14.0% in the 2nd quarter. Mallini Complete Financial Planning LLC now owns 50,849 shares of the financial services provider’s stock valued at $376,000 after acquiring an additional 6,241 shares in the last quarter. Gridiron Partners LLC purchased a new position in shares of PIMCO Income Strategy Fund II in the second quarter valued at approximately $80,000. Consolidated Portfolio Review Corp grew its holdings in shares of PIMCO Income Strategy Fund II by 1.2% in the second quarter. Consolidated Portfolio Review Corp now owns 372,691 shares of the financial services provider’s stock valued at $2,754,000 after purchasing an additional 4,318 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in PIMCO Income Strategy Fund II by 59.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 43,210 shares of the financial services provider’s stock worth $319,000 after buying an additional 16,145 shares during the period. Finally, Keudell Morrison Wealth Management purchased a new stake in PIMCO Income Strategy Fund II during the 2nd quarter worth approximately $573,000.

PIMCO Income Strategy Fund II Stock Performance

Shares of NYSE:PFN traded up $0.04 during mid-day trading on Monday, reaching $7.45. 238,167 shares of the company were exchanged, compared to its average volume of 492,215. PIMCO Income Strategy Fund II has a 1 year low of $6.26 and a 1 year high of $7.67. The firm’s 50-day simple moving average is $7.43 and its 200 day simple moving average is $7.49.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be paid a $0.0718 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.