PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Down 47.9% in May

PIMCO Income Strategy Fund (NYSE:PFL) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 119,199 shares, a decline of 47.9% from the May 14th total of 228,920 shares. Based on an average trading volume of 192,793 shares, the short-interest ratio is presently 0.6 days.

PIMCO Income Strategy Fund Stock Performance

Shares of PFL traded up $0.08 during trading hours on Friday, hitting $7.67. The stock had a trading volume of 167,291 shares, compared to its average volume of 203,052. PIMCO Income Strategy Fund has a 12 month low of $7.58 and a 12 month high of $8.70. The stock has a fifty day moving average price of $7.89 and a 200 day moving average price of $8.18.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be issued a $0.0814 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 12.7%.

Institutional Trading of PIMCO Income Strategy Fund

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of PIMCO Income Strategy Fund in the fourth quarter worth $29,000. Highline Wealth Partners LLC grew 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 valued at $36,000 after purchasing an additional 3,900 shares during the period. Sprinkle Financial Consultants LLC bought a new stake in PIMCO Income Strategy Fund during the first quarter valued at about $80,000. Jane Street Group LLC bought a new stake in PIMCO Income Strategy Fund during the first quarter valued at about $94,000. Finally, Hohimer Wealth Management LLC bought a new stake in PIMCO Income Strategy Fund during the third quarter valued at 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.