PIMCO Income Strategy Fund II (NYSE:PFN) Stock Short Interest Falls 55.4%

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 202,269 shares, a decrease of 55.4% from the September 15th total of 453,190 shares. Based on an average daily volume of 702,321 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Income Strategy Fund II Price Performance

PIMCO Income Strategy Fund II stock traded down $0.10 during midday trading on Tuesday, hitting $6.21. 470,671 shares of the stock were exchanged, compared to its average volume of 493,158. The stock’s 50-day simple moving average is $6.71 and its 200 day simple moving average is $6.88. PIMCO Income Strategy Fund II has a fifty-two week low of $6.15 and a fifty-two week high of $7.59.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Tuesday, October 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PFN. Advisory Solutions Group LLC acquired a new position in PIMCO Income Strategy Fund II during the 2nd quarter worth about $705,000. Northwestern Mutual Wealth Management Co. purchased a new position in PIMCO Income Strategy Fund II during the 2nd quarter valued at about $536,000. IMC Chicago LLC acquired a new position in PIMCO Income Strategy Fund II in the 2nd quarter valued at about $604,000. Susquehanna International Group LLP grew its position in PIMCO Income Strategy Fund II by 760.8% in the 2nd quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock valued at $1,596,000 after acquiring an additional 197,789 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in PIMCO Income Strategy Fund II by 404.2% during the first quarter. Royal Bank of Canada now owns 378,002 shares of the financial services provider’s stock worth $2,605,000 after purchasing an additional 303,031 shares during the period.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

To pursue its objectives, PFN invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, mortgage-backed and other asset-backed securities, government and sovereign debt, emerging-market obligations, and securities rated below investment grade.