PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Short Interest Up 69.8% in February

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 16,300 shares, an increase of 69.8% from the January 31st total of 9,600 shares. Based on an average daily trading volume, of 267,300 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO Dynamic Income Strategy Fund Trading Down 2.2 %

PIMCO Dynamic Income Strategy Fund stock traded down $0.54 during mid-day trading on Tuesday, hitting $24.26. 25,661 shares of the company’s stock were exchanged, compared to its average volume of 339,826. PIMCO Dynamic Income Strategy Fund has a 1-year low of $20.08 and a 1-year high of $32.88. The stock has a 50 day moving average of $26.57 and a two-hundred day moving average of $25.10.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th were issued a dividend of $0.1334 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Thursday, February 13th.

Insider Activity at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. acquired 15,729 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $25.16 per share, with a total value of $395,741.64. Following the purchase, the insider now owns 6,797,821 shares in the company, valued at approximately $171,033,176.36. This trade represents a 0.23 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders bought 756,836 shares of company stock valued at $20,837,029.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC acquired a new position in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at approximately $26,000. Financial Perspectives Inc acquired a new position in PIMCO Dynamic Income Strategy Fund in the 4th quarter valued at $85,000. Catalina Capital Group LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the 4th quarter valued at $203,000. Convergence Financial LLC bought a new position in PIMCO Dynamic Income Strategy Fund in the 4th quarter worth $203,000. Finally, Cynosure Group LLC bought a new stake in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at about $210,000.