PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Update

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 236,266 shares, a decline of 50.3% from the August 15th total of 475,278 shares. Based on an average trading volume of 138,094 shares, the short-interest ratio is presently 1.7 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of institutional investors have recently bought and sold shares of the stock. Independent Financial Group LLC bought a new stake in PIMCO Income Strategy Fund during the 1st quarter valued at approximately $4,192,000. Centaurus Financial Inc. purchased a new position in shares of PIMCO Income Strategy Fund during the 2nd quarter worth approximately $2,025,000. Royal Bank of Canada raised its position in shares of PIMCO Income Strategy Fund by 16.1% in the 1st quarter. Royal Bank of Canada now owns 235,475 shares of the investment management company’s stock worth $1,884,000 after acquiring an additional 32,669 shares in the last quarter. Cetera Investment Advisers raised its position in shares of PIMCO Income Strategy Fund by 23.7% in the 1st quarter. Cetera Investment Advisers now owns 214,507 shares of the investment management company’s stock worth $1,716,000 after acquiring an additional 41,040 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of PIMCO Income Strategy Fund in the 2nd quarter valued at approximately $1,611,000.

PIMCO Income Strategy Fund Stock Down 1.0%

NYSE PFL traded down $0.07 during trading on Tuesday, hitting $7.14. The company had a trading volume of 510,994 shares, compared to its average volume of 208,688. PIMCO Income Strategy Fund has a one year low of $7.01 and a one year high of $8.70. The company’s fifty day moving average is $7.66 and its 200-day moving average is $7.83.

PIMCO Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a dividend of $0.0814 per share. The ex-dividend date is Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 13.7%.

About PIMCO Income Strategy Fund

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.