PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Update

PIMCO Income Strategy Fund (NYSE:PFL) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 425,399 shares, a growth of 168.5% from the July 15th total of 158,444 shares. Based on an average daily trading volume, of 309,469 shares, the short-interest ratio is presently 1.4 days.

PIMCO Income Strategy Fund Stock Performance

Shares of PIMCO Income Strategy Fund stock opened at $7.74 on Friday. The business has a fifty day simple moving average of $7.74 and a 200-day simple moving average of $7.97. PIMCO Income Strategy Fund has a fifty-two week low of $7.52 and a fifty-two week high of $8.70.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be issued a $0.0814 dividend. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Thursday, August 13th.

Institutional Trading of PIMCO Income Strategy Fund

A number of large investors have recently added to or reduced their stakes in PFL. Guggenheim Capital LLC raised its holdings in shares of PIMCO Income Strategy Fund by 23.6% during the fourth quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock valued at $8,287,000 after acquiring an additional 187,978 shares during the period. Independent Financial Group LLC acquired a new position in PIMCO Income Strategy Fund in the 1st quarter worth approximately $4,192,000. LPL Financial LLC grew its position in PIMCO Income Strategy Fund by 18.2% during the 4th quarter. LPL Financial LLC now owns 497,728 shares of the investment management company’s stock worth $4,196,000 after purchasing an additional 76,686 shares in the last quarter. Ameriprise Financial Inc. grew its position in PIMCO Income Strategy Fund by 42.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 334,062 shares of the investment management company’s stock worth $2,808,000 after purchasing an additional 99,096 shares in the last quarter. Finally, GraniteShares Advisors LLC acquired a new stake in PIMCO Income Strategy Fund during the 4th quarter valued at $2,739,000.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.