PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Down 13.8% in March

PIMCO Income Strategy Fund (NYSE:PFL) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 178,800 shares, a decrease of 13.8% from the February 28th total of 207,400 shares. Based on an average trading volume of 156,400 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Large investors have recently modified their holdings of the business. Centaurus Financial Inc. increased its stake in shares of PIMCO Income Strategy Fund by 35.1% during the 4th quarter. Centaurus Financial Inc. now owns 310,230 shares of the investment management company’s stock worth $2,600,000 after purchasing an additional 80,611 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in PIMCO Income Strategy Fund during the 4th quarter valued at $76,000. Bank of America Corp DE boosted its position in PIMCO Income Strategy Fund by 6.3% during the fourth quarter. Bank of America Corp DE now owns 185,751 shares of the investment management company’s stock worth $1,557,000 after purchasing an additional 11,077 shares during the period. Two Sigma Securities LLC acquired a new position in shares of PIMCO Income Strategy Fund in the fourth quarter valued at $129,000. Finally, Stifel Financial Corp raised its position in shares of PIMCO Income Strategy Fund by 3.6% in the fourth quarter. Stifel Financial Corp now owns 249,509 shares of the investment management company’s stock valued at $2,091,000 after purchasing an additional 8,649 shares during the period.

PIMCO Income Strategy Fund Trading Down 0.5 %

NYSE PFL traded down $0.05 during trading on Thursday, hitting $8.54. The stock had a trading volume of 149,376 shares, compared to its average volume of 137,814. PIMCO Income Strategy Fund has a 12 month low of $7.95 and a 12 month high of $8.81. The company’s 50-day moving average price is $8.51 and its two-hundred day moving average price is $8.49.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Investors of record on Thursday, March 13th were given a $0.0814 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 11.44%. The ex-dividend date of this dividend was Thursday, March 13th.

About PIMCO Income Strategy Fund

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.