PIMCO Strategic Income Fund (NYSE:RCS) Share Price Passes Below 200 Day Moving Average – Here’s Why

PIMCO Strategic Income Fund, Inc. (NYSE:RCS)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.00 and traded as low as $5.28. PIMCO Strategic Income Fund shares last traded at $5.3140, with a volume of 225,467 shares.

PIMCO Strategic Income Fund Price Performance

The business has a 50-day simple moving average of $5.44 and a two-hundred day simple moving average of $6.00.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a dividend of $0.04 per share. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date of this dividend is Monday, May 11th.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

Several large investors have recently made changes to their positions in the business. Van Diest Capital LLC acquired a new position in shares of PIMCO Strategic Income Fund during the 1st quarter worth about $136,000. Fifth Third Bancorp acquired a new position in shares of PIMCO Strategic Income Fund during the 1st quarter worth about $28,000. Virtu Financial LLC acquired a new position in shares of PIMCO Strategic Income Fund during the 4th quarter worth about $121,000. XTX Topco Ltd acquired a new position in shares of PIMCO Strategic Income Fund during the 4th quarter worth about $137,000. Finally, Equitable Holdings Inc. lifted its position in shares of PIMCO Strategic Income Fund by 10.2% during the 4th quarter. Equitable Holdings Inc. now owns 41,843 shares of the investment management company’s stock worth $233,000 after purchasing an additional 3,888 shares during the last quarter. Institutional investors and hedge funds own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.