PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Up 27.2% in March

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 1,372,151 shares, a growth of 27.2% from the February 26th total of 1,078,947 shares. Based on an average daily trading volume, of 277,896 shares, the days-to-cover ratio is presently 4.9 days.

PIMCO Income Strategy Fund Stock Up 0.1%

PFL traded up $0.01 during midday trading on Monday, hitting $7.72. The company’s stock had a trading volume of 58,358 shares, compared to its average volume of 220,539. PIMCO Income Strategy Fund has a 52-week low of $7.11 and a 52-week high of $8.70. The firm has a 50-day moving average price of $8.27 and a two-hundred day moving average price of $8.38.

PIMCO Income Strategy Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a $0.0814 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) annualized dividend and a dividend yield of 12.7%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Beacon Pointe Advisors LLC acquired a new position in shares of PIMCO Income Strategy Fund in the 4th quarter valued at $174,000. Guggenheim Capital LLC raised its position in shares of PIMCO Income Strategy Fund by 23.6% in the 4th quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock worth $8,287,000 after buying an additional 187,978 shares during the period. Cetera Investment Advisers raised its position in shares of PIMCO Income Strategy Fund by 2.7% in the 4th quarter. Cetera Investment Advisers now owns 173,467 shares of the investment management company’s stock worth $1,462,000 after buying an additional 4,504 shares during the period. Osaic Holdings Inc. boosted its holdings in PIMCO Income Strategy Fund by 21.4% in the fourth quarter. Osaic Holdings Inc. now owns 232,807 shares of the investment management company’s stock valued at $1,963,000 after acquiring an additional 41,091 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. boosted its holdings in PIMCO Income Strategy Fund by 47.2% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 20,472 shares of the investment management company’s stock valued at $173,000 after acquiring an additional 6,560 shares during the last quarter.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.