PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Update

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 453,190 shares, a decline of 49.2% from the August 31st total of 892,347 shares. Based on an average trading volume of 548,433 shares, the days-to-cover ratio is currently 0.8 days.

PIMCO Income Strategy Fund II Stock Performance

Shares of PIMCO Income Strategy Fund II stock opened at $6.21 on Tuesday. The stock’s 50-day simple moving average is $6.86 and its 200 day simple moving average is $6.92. PIMCO Income Strategy Fund II has a 52-week low of $6.15 and a 52-week high of $7.65.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.0718 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.86 annualized dividend and a dividend yield of 13.9%.

Institutional Trading of PIMCO Income Strategy Fund II

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new position in PIMCO Income Strategy Fund II during the second quarter worth about $2,238,000. Royal Bank of Canada raised its holdings in shares of PIMCO Income Strategy Fund II by 404.2% in the 1st quarter. Royal Bank of Canada now owns 378,002 shares of the financial services provider’s stock valued at $2,605,000 after acquiring an additional 303,031 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of PIMCO Income Strategy Fund II by 760.8% in the 2nd quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock valued at $1,596,000 after acquiring an additional 197,789 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of PIMCO Income Strategy Fund II during the 2nd quarter valued at about $1,222,000. Finally, Advisory Solutions Group LLC bought a new stake in shares of PIMCO Income Strategy Fund II during the 2nd quarter valued at about $705,000.

About PIMCO Income Strategy Fund II

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 and, as a secondary objective, capital appreciation through active management of a diversified portfolio of fixed-income securities.

The fund may invest across global fixed-income markets, including investment-grade and below-investment-grade corporate bonds, government and sovereign debt, mortgage-backed and other asset-backed securities, emerging-market obligations, and other income-producing instruments.