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

by · The Cerbat Gem

PIMCO Income Strategy Fund (NYSE:PFL – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 9,800 shares, a decline of 69.9% from the September 15th total of 32,600 shares. Based on an average daily volume of 147,300 shares, the short-interest ratio is currently 0.1 days.

PIMCO Income Strategy Fund Trading Down 0.1 %

PIMCO Income Strategy Fund stock traded down $0.01 on Thursday, hitting $8.73. The company’s stock had a trading volume of 242,779 shares, compared to its average volume of 123,449. PIMCO Income Strategy Fund has a one year low of $6.98 and a one year high of $8.81. The company has a fifty day moving average price of $8.42 and a 200-day moving average price of $8.33.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be paid a $0.0814 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.98 dividend on an annualized basis and a yield of 11.19%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in shares of PIMCO Income Strategy Fund by 731.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,641 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 4,083 shares during the period. Nomura Holdings Inc. bought a new stake in PIMCO Income Strategy Fund in the fourth quarter valued at $113,000. J.W. Cole Advisors Inc. acquired a new position in PIMCO Income Strategy Fund during the first quarter worth $142,000. Virtu Financial LLC bought a new position in shares of PIMCO Income Strategy Fund during the fourth quarter valued at $178,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 2nd quarter valued at $272,000.

PIMCO Income Strategy Fund Company Profile

(Get Free Report)

PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.

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