PIMCO Income Strategy Fund II (NYSE:PFN) Sees Significant Drop in Short Interest

PIMCO Income Strategy Fund II (NYSE:PFN) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 441,340 shares, a decline of 31.3% from the December 15th total of 641,971 shares. Based on an average daily volume of 709,197 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 709,197 shares, the days-to-cover ratio is currently 0.6 days.

PIMCO Income Strategy Fund II Price Performance

Shares of PFN traded up $0.04 during mid-day trading on Monday, hitting $7.45. 238,167 shares of the company’s stock were exchanged, compared to its average volume of 492,215. PIMCO Income Strategy Fund II has a fifty-two week low of $6.26 and a fifty-two week high of $7.67. The business’s 50 day moving average is $7.43 and its two-hundred day moving average is $7.49.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be given a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend is Tuesday, January 13th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

A number of large investors have recently bought and sold shares of PFN. Highline Wealth Partners LLC boosted its holdings 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 valued at $28,000 after acquiring an additional 3,400 shares in the last quarter. Comerica Bank raised its holdings in 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 purchasing an additional 1,375 shares in the last quarter. Allworth Financial LP lifted its position in PIMCO Income Strategy Fund II by 179.6% in the second quarter. Allworth Financial LP now owns 5,509 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 3,539 shares during the period. Advisory Services Network LLC purchased a new stake in PIMCO Income Strategy Fund II in the 3rd quarter valued at approximately $76,000. Finally, Gridiron Partners LLC acquired a new position in PIMCO Income Strategy Fund II during the 2nd quarter worth approximately $80,000.

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.