PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Down 36.6% in August

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 892,347 shares, a decline of 36.6% from the August 15th total of 1,408,570 shares. Based on an average daily trading volume, of 344,609 shares, the days-to-cover ratio is currently 2.6 days.

PIMCO Income Strategy Fund II Stock Down 1.0%

PIMCO Income Strategy Fund II stock opened at $6.49 on Friday. PIMCO Income Strategy Fund II has a 52 week low of $6.45 and a 52 week high of $7.65. The business’s 50-day moving average price is $6.96 and its 200 day moving average price is $6.96.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be given a $0.0718 dividend. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date is Friday, September 11th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

Several institutional investors have recently made changes to their positions in PFN. EverSource Wealth Advisors LLC boosted its holdings in PIMCO Income Strategy Fund II by 0.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065,739 shares of the financial services provider’s stock worth $7,993,000 after buying an additional 6,573 shares in the last quarter. Rivernorth Capital Management LLC increased its holdings in PIMCO Income Strategy Fund II by 4.3% in the first quarter. Rivernorth Capital Management LLC now owns 838,080 shares of the financial services provider’s stock valued at $5,774,000 after buying an additional 34,573 shares in the last quarter. Bank of America Corp DE raised its position in shares of PIMCO Income Strategy Fund II by 243.4% in the first quarter. Bank of America Corp DE now owns 400,642 shares of the financial services provider’s stock worth $2,760,000 after acquiring an additional 283,970 shares during the period. Royal Bank of Canada raised its position in shares of PIMCO Income Strategy Fund II by 404.2% in the first quarter. Royal Bank of Canada now owns 378,002 shares of the financial services provider’s stock worth $2,605,000 after acquiring an additional 303,031 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in shares of PIMCO Income Strategy Fund II by 760.8% during the 2nd quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock worth $1,596,000 after acquiring an additional 197,789 shares in the last quarter.

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.