PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Short Interest Up 69.8% in February

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 16,300 shares, an increase of 69.8% from the January 31st total of 9,600 shares. Based on an average daily trading volume, of 267,300 shares, the days-to-cover ratio is presently 0.1 days.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 7,386 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $26.47 per share, for a total transaction of $195,507.42. Following the transaction, the insider now directly owns 6,781,495 shares of the company’s stock, valued at approximately $179,506,172.65. This trade represents a 0.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 756,836 shares of company stock worth $20,837,029 over the last three months.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

Institutional investors have recently modified their holdings of the company. Saba Capital Management L.P. raised its stake in shares of PIMCO Dynamic Income Strategy Fund by 8.5% in the fourth quarter. Saba Capital Management L.P. now owns 6,810,213 shares of the company’s stock valued at $177,951,000 after purchasing an additional 535,290 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of PIMCO Dynamic Income Strategy Fund by 605.6% in the 4th quarter. Wells Fargo & Company MN now owns 391,068 shares of the company’s stock valued at $10,219,000 after buying an additional 335,644 shares in the last quarter. Walleye Capital LLC raised its stake in shares of PIMCO Dynamic Income Strategy Fund by 1,162.4% in the 4th quarter. Walleye Capital LLC now owns 272,714 shares of the company’s stock valued at $7,126,000 after buying an additional 251,111 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of PIMCO Dynamic Income Strategy Fund during the 3rd quarter worth about $4,824,000. Finally, Harraden Circle Investments LLC acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund during the 4th quarter valued at about $2,939,000.

PIMCO Dynamic Income Strategy Fund Stock Down 2.2 %

Shares of NYSE PDX traded down $0.54 during mid-day trading on Tuesday, hitting $24.26. The company had a trading volume of 25,661 shares, compared to its average volume of 339,826. PIMCO Dynamic Income Strategy Fund has a 12 month low of $20.08 and a 12 month high of $32.88. The business’s 50-day simple moving average is $26.57 and its 200-day simple moving average is $25.10.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th were given a $0.1334 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.60%.