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

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 342,914 shares, a drop of 40.5% from the April 15th total of 576,300 shares. Based on an average daily trading volume, of 165,021 shares, the short-interest ratio is currently 2.1 days.

Institutional Trading of PIMCO Income Strategy Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in PIMCO Income Strategy Fund by 16.1% in the 1st quarter. Royal Bank of Canada now owns 235,475 shares of the investment management company’s stock worth $1,884,000 after buying an additional 32,669 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of PIMCO Income Strategy Fund by 23.7% in the 1st quarter. Cetera Investment Advisers now owns 214,507 shares of the investment management company’s stock worth $1,716,000 after purchasing an additional 41,040 shares during the period. Independent Financial Group LLC purchased a new position in shares of PIMCO Income Strategy Fund in the 1st quarter worth about $4,192,000. D.A. Davidson & CO. raised its holdings in shares of PIMCO Income Strategy Fund by 49.0% in the 1st quarter. D.A. Davidson & CO. now owns 35,757 shares of the investment management company’s stock worth $286,000 after purchasing an additional 11,758 shares during the period. Finally, Kestra Advisory Services LLC raised its holdings in shares of PIMCO Income Strategy Fund by 9.0% in the 1st quarter. Kestra Advisory Services LLC now owns 53,754 shares of the investment management company’s stock worth $430,000 after purchasing an additional 4,456 shares during the period.

PIMCO Income Strategy Fund Stock Down 0.5%

NYSE:PFL traded down $0.04 during mid-day trading on Monday, reaching $7.68. The company’s stock had a trading volume of 234,461 shares, compared to its average volume of 204,960. The company’s fifty day simple moving average is $7.99 and its two-hundred day simple moving average is $8.26. PIMCO Income Strategy Fund has a twelve month low of $7.60 and a twelve month high of $8.70.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a $0.0814 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Monday, May 11th.

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.