PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Update

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 268,617 shares, a decline of 17.6% from the February 12th total of 326,001 shares. Based on an average daily volume of 497,537 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 497,537 shares, the days-to-cover ratio is presently 0.5 days.

PIMCO Income Strategy Fund II Stock Performance

PFN stock opened at $6.99 on Wednesday. The company’s 50-day simple moving average is $7.33 and its 200 day simple moving average is $7.43. PIMCO Income Strategy Fund II has a 52 week low of $6.26 and a 52 week high of $7.67.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be issued a $0.0718 dividend. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Thursday, March 12th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

A number of institutional investors have recently added to or reduced their stakes in the business. Highline Wealth Partners LLC grew its stake in shares of PIMCO Income Strategy Fund II by 1,030.3% in the fourth 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 lifted its position in shares of PIMCO Income Strategy Fund II by 45.8% during the 3rd quarter. Comerica Bank now owns 4,375 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,375 shares during the period. Allworth Financial LP lifted its position in shares of PIMCO Income Strategy Fund II by 179.6% during the 2nd quarter. Allworth Financial LP now owns 5,509 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 3,539 shares during the period. Advisory Services Network LLC acquired a new stake in PIMCO Income Strategy Fund II in the third quarter worth $76,000. Finally, CreativeOne Wealth LLC acquired a new stake in PIMCO Income Strategy Fund II in the third quarter worth $84,000.

PIMCO Income Strategy Fund II Company Profile

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.