PIMCO Income Strategy Fund (NYSE:PFL) Sees Large Decline in Short Interest

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 342,914 shares, a drop of 40.5% from the April 15th total of 576,300 shares. Based on an average daily volume of 165,021 shares, the short-interest ratio is currently 2.1 days.

PIMCO Income Strategy Fund Stock Down 0.5%

Shares of NYSE:PFL traded down $0.04 during midday trading on Monday, hitting $7.68. The company had a trading volume of 234,461 shares, compared to its average volume of 204,960. PIMCO Income Strategy Fund has a 12 month low of $7.60 and a 12 month high of $8.70. The firm has a fifty day simple moving average of $7.99 and a 200 day simple moving average of $8.26.

PIMCO Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a $0.0814 dividend. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Monday, May 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in shares of PIMCO Income Strategy Fund in the 4th quarter worth $29,000. Highline Wealth Partners LLC lifted its holdings in PIMCO Income Strategy Fund by 1,114.3% during the fourth quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock worth $36,000 after acquiring an additional 3,900 shares in the last quarter. Sprinkle Financial Consultants LLC bought a new position in PIMCO Income Strategy Fund during the first quarter worth about $80,000. Jane Street Group LLC bought a new position in PIMCO Income Strategy Fund during the first quarter worth about $94,000. Finally, Hohimer Wealth Management LLC bought a new position in PIMCO Income Strategy Fund during the third quarter worth about $101,000.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.