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

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 282,200 shares, a growth of 20.6% from the April 30th total of 234,000 shares. Based on an average daily volume of 149,700 shares, the days-to-cover ratio is currently 1.9 days.

PIMCO Income Strategy Fund Trading Down 0.1%

Shares of PFL stock opened at $8.36 on Thursday. PIMCO Income Strategy Fund has a 12 month low of $7.11 and a 12 month high of $8.81. The stock has a 50 day moving average of $8.22 and a 200-day moving average of $8.38.

PIMCO Income Strategy Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Thursday, June 12th will be given a dividend of $0.0814 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.68%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Trading of PIMCO Income Strategy Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Guggenheim Capital LLC grew its position in PIMCO Income Strategy Fund by 27.5% in the fourth quarter. Guggenheim Capital LLC now owns 470,241 shares of the investment management company’s stock valued at $3,941,000 after acquiring an additional 101,412 shares during the period. Centaurus Financial Inc. grew its position in PIMCO Income Strategy Fund by 35.1% in the fourth quarter. Centaurus Financial Inc. now owns 310,230 shares of the investment management company’s stock valued at $2,600,000 after acquiring an additional 80,611 shares during the period. Invesco Ltd. grew its position in PIMCO Income Strategy Fund by 1.0% in the first quarter. Invesco Ltd. now owns 307,144 shares of the investment management company’s stock valued at $2,641,000 after acquiring an additional 3,001 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of PIMCO Income Strategy Fund by 4.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 264,141 shares of the investment management company’s stock worth $2,214,000 after purchasing an additional 10,694 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of PIMCO Income Strategy Fund by 3.6% during the fourth quarter. Stifel Financial Corp now owns 249,509 shares of the investment management company’s stock worth $2,091,000 after purchasing an additional 8,649 shares during the last quarter.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.