PIMCO Income Strategy Fund II (NYSE:PFN) Stock Short Interest Report for September

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 202,269 shares, a decrease of 55.4% from the September 15th total of 453,190 shares. Based on an average daily volume of 702,321 shares, the short-interest ratio is currently 0.3 days.

PIMCO Income Strategy Fund II Trading Down 1.2%

Shares of PFN stock traded down $0.07 on Wednesday, reaching $6.12. The company’s stock had a trading volume of 940,942 shares, compared to its average volume of 495,443. The stock’s fifty day simple moving average is $6.68 and its 200-day simple moving average is $6.87. PIMCO Income Strategy Fund II has a 1 year low of $6.10 and a 1 year high of $7.59.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be paid a $0.0718 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $0.86 annualized dividend and a dividend yield of 14.1%.

Institutional Trading of PIMCO Income Strategy Fund II

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFN. Advisory Solutions Group LLC bought a new stake in shares of PIMCO Income Strategy Fund II in the second quarter valued at about $705,000. Northwestern Mutual Wealth Management Co. purchased a new stake in PIMCO Income Strategy Fund II in the second quarter worth about $536,000. IMC Chicago LLC purchased a new stake in PIMCO Income Strategy Fund II in the second quarter worth about $604,000. Susquehanna International Group LLP grew its holdings in 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. Finally, Royal Bank of Canada grew its holdings in PIMCO Income Strategy Fund II by 404.2% during the 1st 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 in the last quarter.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed 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.

To pursue its objectives, PFN invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, mortgage-backed and other asset-backed securities, government and sovereign debt, emerging-market obligations, and securities rated below investment grade.