PIMCO Income Strategy Fund (NYSE:PFL) Stock Short Interest Declines 81.8%

PIMCO Income Strategy Fund (NYSE:PFL) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 42,560 shares, a decrease of 81.8% from the September 15th total of 234,300 shares. Based on an average trading volume of 361,874 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PFL. Allworth Financial LP acquired a new position in shares of PIMCO Income Strategy Fund during the second quarter valued at about $32,000. Integrated Wealth Concepts LLC bought a new position in shares of PIMCO Income Strategy Fund during the 2nd quarter worth about $75,000. Sprinkle Financial Consultants LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 1st quarter valued at about $80,000. CoreCap Advisors LLC grew its stake in shares of PIMCO Income Strategy Fund by 47.9% in the 2nd quarter. CoreCap Advisors LLC now owns 12,345 shares of the investment management company’s stock valued at $97,000 after buying an additional 4,000 shares during the period. Finally, Tudor Financial Inc. bought a new stake in PIMCO Income Strategy Fund in the 2nd quarter valued at about $116,000.

PIMCO Income Strategy Fund Stock Down 0.3%

Shares of PFL stock opened at $6.95 on Friday. The stock’s fifty day moving average price is $7.38 and its two-hundred day moving average price is $7.67. PIMCO Income Strategy Fund has a fifty-two week low of $6.74 and a fifty-two week high of $8.65.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be given a dividend of $0.0814 per share. This represents a $0.98 annualized dividend and a dividend yield of 14.1%. The ex-dividend date is Tuesday, October 13th.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PFL invests primarily in a diversified portfolio of income-producing securities. Its holdings may include corporate bonds, government and agency debt, mortgage-related securities, emerging-market debt and other fixed-income instruments issued by borrowers in the United States and international markets.