PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Short Interest Update

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) was the target of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 427,674 shares, a drop of 14.5% from the February 12th total of 500,116 shares. Based on an average daily volume of 132,566 shares, the short-interest ratio is currently 3.2 days. Currently, 0.9% of the company’s shares are sold short. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 132,566 shares, the short-interest ratio is currently 3.2 days.

PIMCO Strategic Income Fund Trading Up 0.9%

RCS stock traded up $0.05 during mid-day trading on Tuesday, reaching $5.67. The company’s stock had a trading volume of 128,803 shares, compared to its average volume of 149,490. PIMCO Strategic Income Fund has a 12 month low of $5.25 and a 12 month high of $8.00. The business’s 50 day moving average price is $5.85 and its 200 day moving average price is $6.60.

PIMCO Strategic Income 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 dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Thursday, March 12th.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

A number of large investors have recently bought and sold shares of RCS. Virtu Financial LLC bought a new stake in shares of PIMCO Strategic Income Fund during the fourth quarter valued at approximately $121,000. XTX Topco Ltd acquired a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at $137,000. Equitable Holdings Inc. grew its position in PIMCO Strategic Income Fund by 10.2% in the 4th quarter. Equitable Holdings Inc. now owns 41,843 shares of the investment management company’s stock valued at $233,000 after purchasing an additional 3,888 shares during the period. Mariner LLC increased its stake in PIMCO Strategic Income Fund by 274.0% during the 4th quarter. Mariner LLC now owns 60,284 shares of the investment management company’s stock valued at $336,000 after purchasing an additional 44,166 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in PIMCO Strategic Income Fund by 68.4% during the 4th quarter. Kestra Advisory Services LLC now owns 71,847 shares of the investment management company’s stock valued at $400,000 after purchasing an additional 29,193 shares in the last quarter. 13.48% of the stock is currently owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.