Short Interest in PIMCO Income Strategy Fund (NYSE:PFL) Decreases By 44.6%

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 106,900 shares, a drop of 44.6% from the January 15th total of 192,800 shares. Based on an average daily volume of 163,800 shares, the short-interest ratio is presently 0.7 days.

PIMCO Income Strategy Fund Stock Performance

Shares of NYSE:PFL traded up $0.04 on Thursday, reaching $8.52. 120,198 shares of the company were exchanged, compared to its average volume of 170,437. The company has a 50-day moving average of $8.43 and a 200-day moving average of $8.44. PIMCO Income Strategy Fund has a 1-year low of $7.95 and a 1-year high of $8.81.

PIMCO Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be issued a $0.0814 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.47%.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

Several large investors have recently made changes to their positions in PFL. Anfield Capital Management LLC bought a new stake in shares of PIMCO Income Strategy Fund in the fourth quarter worth $56,000. Miller Financial Services LLC bought a new position in PIMCO Income Strategy Fund during the fourth quarter worth $93,000. Virtu Financial LLC bought a new stake in PIMCO Income Strategy Fund during the third quarter valued at $108,000. Financial Advocates Investment Management acquired a new stake in shares of PIMCO Income Strategy Fund during the third quarter worth $110,000. Finally, Geneos Wealth Management Inc. boosted its stake in PIMCO Income Strategy Fund by 11.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 13,793 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 1,437 shares during the period.

About PIMCO Income Strategy Fund

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.