PIMCO Income Strategy Fund (NYSE:PFL) Sees Large Growth in Short Interest

PIMCO Income Strategy Fund (NYSE:PFL) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 187,600 shares, a growth of 75.5% from the January 31st total of 106,900 shares. Based on an average daily trading volume, of 155,200 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PFL. International Assets Investment Management LLC lifted its position in shares of PIMCO Income Strategy Fund by 782.5% during the third quarter. International Assets Investment Management LLC now owns 25,425 shares of the investment management company’s stock valued at $218,000 after purchasing an additional 22,544 shares in the last quarter. Financial Advocates Investment Management bought a new stake in PIMCO Income Strategy Fund in the third quarter worth about $110,000. WealthPlan Investment Management LLC bought a new stake in PIMCO Income Strategy Fund in the third quarter worth about $140,000. Centaurus Financial Inc. raised its position in PIMCO Income Strategy Fund by 52.9% in the third quarter. Centaurus Financial Inc. now owns 229,619 shares of the investment management company’s stock worth $1,968,000 after acquiring an additional 79,458 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its position in PIMCO Income Strategy Fund by 36.7% in 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 acquiring an additional 36,395 shares during the period.

PIMCO Income Strategy Fund Trading Up 0.2 %

Shares of NYSE PFL opened at $8.57 on Tuesday. The company has a 50-day moving average price of $8.46 and a 200-day moving average price of $8.47. PIMCO Income Strategy Fund has a 1 year low of $7.95 and a 1 year high of $8.81.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 13th were given a dividend of $0.0814 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 11.40%. The ex-dividend date was Thursday, February 13th.

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.