PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Up 47.8% in July

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 34,300 shares, a growth of 47.8% from the July 15th total of 23,200 shares. Based on an average daily trading volume, of 120,100 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of PIMCO Income Strategy Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. One Capital Management LLC bought a new position in PIMCO Income Strategy Fund in the 2nd quarter valued at about $990,000. Commonwealth Equity Services LLC grew its holdings in PIMCO Income Strategy Fund by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 124,640 shares of the investment management company’s stock valued at $1,016,000 after buying an additional 1,616 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in PIMCO Income Strategy Fund by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 252,397 shares of the investment management company’s stock worth $2,057,000 after buying an additional 7,693 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of PIMCO Income Strategy Fund by 731.7% in the first quarter. Geneos Wealth Management Inc. now owns 4,641 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 4,083 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in PIMCO Income Strategy Fund by 9.4% during the first quarter. Janney Montgomery Scott LLC now owns 48,154 shares of the investment management company’s stock worth $408,000 after acquiring an additional 4,150 shares during the period.

PIMCO Income Strategy Fund Trading Down 0.4 %

NYSE:PFL traded down $0.03 during mid-day trading on Wednesday, hitting $8.13. The company had a trading volume of 132,187 shares, compared to its average volume of 113,832. The business’s fifty day moving average is $8.21 and its two-hundred day moving average is $8.32. PIMCO Income Strategy Fund has a fifty-two week low of $6.98 and a fifty-two week high of $8.62.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be paid a dividend of $0.0814 per share. The ex-dividend date is Monday, August 12th. This represents a $0.98 annualized dividend and a dividend yield of 12.01%.

PIMCO Income Strategy Fund Company Profile

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.