PIMCO Income Strategy Fund II (NYSE:PFN) Sees Large Decline in Short Interest

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 326,001 shares, a decrease of 24.1% from the January 29th total of 429,357 shares. Based on an average daily volume of 417,913 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 417,913 shares, the short-interest ratio is currently 0.8 days.

PIMCO Income Strategy Fund II Stock Down 0.6%

NYSE:PFN traded down $0.04 during trading hours on Tuesday, hitting $7.22. 391,226 shares of the company were exchanged, compared to its average volume of 434,604. PIMCO Income Strategy Fund II has a one year low of $6.26 and a one year high of $7.67. The company has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $7.47.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th were given a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date was Thursday, February 12th.

Institutional Trading of PIMCO Income Strategy Fund II

Institutional investors have recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC raised its holdings in PIMCO Income Strategy Fund II by 1,030.3% during the 4th quarter. Highline Wealth Partners LLC now owns 3,730 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 3,400 shares during the last quarter. Comerica Bank increased its position in shares of PIMCO Income Strategy Fund II by 45.8% during the third quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,375 shares during the period. Allworth Financial LP raised its stake in PIMCO Income Strategy Fund II by 179.6% during the second quarter. Allworth Financial LP now owns 5,509 shares of the financial services provider’s stock worth $41,000 after buying an additional 3,539 shares during the last quarter. Advisory Services Network LLC bought a new position in PIMCO Income Strategy Fund II during the third quarter worth $76,000. Finally, CreativeOne Wealth LLC acquired a new position in PIMCO Income Strategy Fund II in the third quarter valued at $84,000.

About PIMCO Income Strategy Fund II

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.