PIMCO Income Strategy Fund (NYSE:PFL) Shares Shorted: Short Interest Up 139.3% in October

PIMCO Income Strategy Fund (NYSE:PFL) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 101,860 shares, an increase of 139.3% from the September 30th total of 42,560 shares. Based on an average daily volume of 326,417 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

A number of institutional investors have recently added to or reduced their stakes in PFL. Bank of America Corp DE acquired a new stake in shares of PIMCO Income Strategy Fund during the 2nd quarter valued at approximately $1,611,000. Sanctuary Advisors LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 2nd quarter worth approximately $342,000. Allworth Financial LP purchased a new position in PIMCO Income Strategy Fund in the 2nd quarter valued at approximately $32,000. BlackRock Inc. purchased a new position in PIMCO Income Strategy Fund in the 2nd quarter valued at approximately $156,000. Finally, Centaurus Financial Inc. acquired a new position in PIMCO Income Strategy Fund during the second quarter worth $2,025,000.

PIMCO Income Strategy Fund Price Performance

Shares of PFL traded down $0.02 during mid-day trading on Friday, hitting $6.76. 258,039 shares of the company’s stock were exchanged, compared to its average volume of 225,303. PIMCO Income Strategy Fund has a fifty-two week low of $6.60 and a fifty-two week high of $8.54. The business’s 50 day moving average is $7.09 and its two-hundred day moving average is $7.76.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be paid a $0.0814 dividend. This represents a $0.98 annualized dividend and a yield of 14.4%. The ex-dividend date of this dividend is Tuesday, October 13th.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund (NYSE:PFL) 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.

PFL invests primarily in a diversified portfolio of fixed-income securities issued by governments, corporations and other entities. Its investments may include investment-grade and below-investment-grade debt, mortgage- and asset-backed securities, emerging-market debt, and other income-producing instruments.