PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Sees Large Drop in Short Interest

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 20,500 shares, a decline of 21.5% from the August 15th total of 26,100 shares. Based on an average trading volume of 73,800 shares, the days-to-cover ratio is currently 0.3 days.

Insider Buying and Selling at PIMCO Dynamic Income Strategy Fund

In other news, major shareholder Saba Capital Management, L.P. sold 71,996 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $22.94, for a total transaction of $1,651,588.24. Following the sale, the insider now directly owns 6,534,822 shares in the company, valued at approximately $149,908,816.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 197,283 shares of company stock valued at $4,524,737.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC acquired a new position in PIMCO Dynamic Income Strategy Fund during the second quarter worth about $188,000. Commonwealth Equity Services LLC acquired a new position in shares of PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth approximately $264,000. Williams & Novak LLC acquired a new position in shares of PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth approximately $280,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund in the second quarter valued at approximately $293,000. Finally, Regal Investment Advisors LLC acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund in the second quarter valued at approximately $325,000.

PIMCO Dynamic Income Strategy Fund Stock Up 0.3 %

Shares of PDX stock traded up $0.07 on Tuesday, reaching $23.59. 31,928 shares of the company were exchanged, compared to its average volume of 98,978. PIMCO Dynamic Income Strategy Fund has a 1 year low of $16.89 and a 1 year high of $23.79. The firm has a 50-day moving average of $22.85.

PIMCO Dynamic Income Strategy Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be issued a $0.1133 dividend. This represents a $1.36 annualized dividend and a yield of 5.76%. This is a boost from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.11. The ex-dividend date is Friday, September 13th.