PIMCO Income Strategy Fund (NYSE:PFL) Sees Significant Growth in Short Interest

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 101,860 shares, a growth of 139.3% from the September 30th total of 42,560 shares. Based on an average daily trading volume, of 326,417 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Several institutional investors have recently modified their holdings of the business. Allworth Financial LP acquired a new stake in PIMCO Income Strategy Fund during the 2nd quarter valued at $32,000. Integrated Wealth Concepts LLC acquired a new position in shares of PIMCO Income Strategy Fund in the second quarter valued at $75,000. CoreCap Advisors LLC increased its holdings in shares of PIMCO Income Strategy Fund by 47.9% in the second quarter. CoreCap Advisors LLC now owns 12,345 shares of the investment management company’s stock valued at $97,000 after purchasing an additional 4,000 shares during the last quarter. Tudor Financial Inc. bought a new position in shares of PIMCO Income Strategy Fund in the second quarter valued at about $116,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of PIMCO Income Strategy Fund in the second quarter valued at about $141,000.

PIMCO Income Strategy Fund Trading Down 0.1%

Shares of NYSE PFL traded down $0.01 during trading on Friday, reaching $6.77. The company had a trading volume of 289,523 shares, compared to its average volume of 225,476. PIMCO Income Strategy Fund has a 52 week low of $6.60 and a 52 week high of $8.54. The business’s 50 day moving average price is $7.08 and its 200-day moving average price is $7.76.

PIMCO Income Strategy Fund Dividend Announcement

The firm 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 $0.0814 dividend. This represents a $0.98 annualized dividend and a dividend yield of 14.4%. The ex-dividend date of this dividend is Tuesday, October 13th.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund (NYSE:PFL) 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.

PFL invests primarily in a diversified portfolio of fixed-income securities issued by governments, corporations and other entities. Its investments may include investment-grade and below-investment-grade debt, mortgage- and asset-backed securities, emerging-market debt, and other income-producing instruments.