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

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,372,151 shares, a growth of 27.2% from the February 26th total of 1,078,947 shares. Based on an average daily volume of 277,896 shares, the short-interest ratio is currently 4.9 days.

PIMCO Income Strategy Fund Stock Up 2.8%

Shares of NYSE:PFL opened at $7.97 on Wednesday. The stock’s 50-day moving average price is $8.25 and its 200-day moving average price is $8.37. PIMCO Income Strategy Fund has a 12-month low of $7.11 and a 12-month high of $8.70.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be issued a dividend of $0.0814 per share. The ex-dividend date is Thursday, March 12th. This represents a c) annualized dividend and a yield of 12.3%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in PIMCO Income Strategy Fund by 9.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,552 shares of the investment management company’s stock valued at $141,000 after purchasing an additional 1,410 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of PIMCO Income Strategy Fund by 19.1% in the third quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock worth $90,000 after purchasing an additional 1,700 shares during the last quarter. PFG Investments LLC increased its stake in shares of PIMCO Income Strategy Fund by 9.3% in the fourth quarter. PFG Investments LLC now owns 23,500 shares of the investment management company’s stock worth $198,000 after buying an additional 2,000 shares during the period. Raymond James Financial Inc. increased its stake in shares of PIMCO Income Strategy Fund by 7.2% in the second quarter. Raymond James Financial Inc. now owns 42,755 shares of the investment management company’s stock worth $357,000 after buying an additional 2,864 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in PIMCO Income Strategy Fund during the 4th quarter valued at $29,000.

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.