PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Update

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 425,399 shares, an increase of 168.5% from the July 15th total of 158,444 shares. Based on an average daily trading volume, of 309,469 shares, the short-interest ratio is currently 1.4 days.

PIMCO Income Strategy Fund Trading Down 0.3%

Shares of NYSE:PFL traded down $0.02 during trading on Friday, reaching $7.72. 142,773 shares of the stock traded hands, compared to its average volume of 211,203. The stock has a 50-day moving average of $7.74 and a two-hundred day moving average of $7.96. PIMCO Income Strategy Fund has a 52-week low of $7.52 and a 52-week high of $8.70.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be given a $0.0814 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a yield of 12.7%.

Institutional Trading of PIMCO Income Strategy Fund

Several institutional investors have recently added to or reduced their stakes in the business. Independent Financial Group LLC purchased a new position in shares of PIMCO Income Strategy Fund in the first quarter worth $4,192,000. GraniteShares Advisors LLC purchased a new stake in shares of PIMCO Income Strategy Fund during the fourth quarter valued at $2,739,000. Hohimer Wealth Management LLC boosted its position in shares of PIMCO Income Strategy Fund by 2,058.7% during the fourth quarter. Hohimer Wealth Management LLC now owns 256,970 shares of the investment management company’s stock valued at $2,166,000 after buying an additional 245,066 shares during the last quarter. Guggenheim Capital LLC increased its holdings in PIMCO Income Strategy Fund by 23.6% in the 4th quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock worth $8,287,000 after buying an additional 187,978 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. bought a new stake in PIMCO Income Strategy Fund in the 3rd quarter worth about $1,005,000.

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.