PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Up 85.5% in July

PIMCO Income Strategy Fund II (NYSE:PFN) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,221,392 shares, an increase of 85.5% from the July 15th total of 658,426 shares. Based on an average daily volume of 694,703 shares, the short-interest ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new stake in PIMCO Income Strategy Fund II during the fourth quarter valued at about $2,340,000. Keudell Morrison Wealth Management purchased a new position in shares of PIMCO Income Strategy Fund II in the 4th quarter worth about $703,000. Independent Financial Group LLC purchased a new position in shares of PIMCO Income Strategy Fund II in the 1st quarter worth about $499,000. Simplicity Wealth LLC bought a new position in shares of PIMCO Income Strategy Fund II during the 4th quarter valued at about $603,000. Finally, Shaker Financial Services LLC bought a new position in shares of PIMCO Income Strategy Fund II during the 4th quarter valued at about $794,000.

PIMCO Income Strategy Fund II Trading Down 0.1%

PFN traded down $0.01 on Friday, reaching $7.08. The company had a trading volume of 339,666 shares, compared to its average volume of 477,760. PIMCO Income Strategy Fund II has a 52-week low of $6.53 and a 52-week high of $7.67. The business has a 50 day simple moving average of $7.02 and a 200 day simple moving average of $7.06.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be issued a $0.0718 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%.

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.