Short Interest in PIMCO Income Strategy Fund (NYSE:PFL) Drops By 35.9%

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 52,000 shares, a decrease of 35.9% from the December 15th total of 81,100 shares. Based on an average daily trading volume, of 153,100 shares, the short-interest ratio is currently 0.3 days.

PIMCO Income Strategy Fund Price Performance

PIMCO Income Strategy Fund stock opened at $8.44 on Tuesday. PIMCO Income Strategy Fund has a twelve month low of $7.95 and a twelve month high of $8.81. The company’s 50-day moving average price is $8.43 and its two-hundred day moving average price is $8.40.

PIMCO Income Strategy Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a dividend of $0.0814 per share. The ex-dividend date is Monday, January 13th. This represents a $0.98 annualized dividend and a yield of 11.57%.

Institutional Trading of PIMCO Income Strategy Fund

Several institutional investors have recently added to or reduced their stakes in PFL. Rivernorth Capital Management LLC lifted its holdings in shares of PIMCO Income Strategy Fund by 141.8% during the third quarter. Rivernorth Capital Management LLC now owns 1,248,835 shares of the investment management company’s stock worth $10,703,000 after buying an additional 732,282 shares in the last quarter. Stifel Financial Corp raised its stake in PIMCO Income Strategy Fund by 2.5% in the 3rd quarter. Stifel Financial Corp now owns 240,860 shares of the investment management company’s stock worth $2,064,000 after purchasing an additional 5,810 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in PIMCO Income Strategy Fund by 52.9% in the 3rd quarter. Centaurus Financial Inc. now owns 229,619 shares of the investment management company’s stock valued at $1,968,000 after purchasing an additional 79,458 shares during the period. Cetera Investment Advisers grew its position in shares of PIMCO Income Strategy Fund by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 185,296 shares of the investment management company’s stock worth $1,510,000 after purchasing an additional 5,625 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its holdings in shares of PIMCO Income Strategy Fund by 36.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 135,486 shares of the investment management company’s stock worth $1,161,000 after purchasing an additional 36,395 shares during the period.

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.