Short Interest in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Expands By 64.3%

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 222,000 shares, a growth of 64.3% from the March 31st total of 135,100 shares. Based on an average trading volume of 137,400 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Large investors have recently made changes to their positions in the business. IFP Advisors Inc acquired a new stake in shares of PIMCO Strategic Income Fund in the fourth quarter worth $2,583,000. LPL Financial LLC boosted its stake in shares of PIMCO Strategic Income Fund by 19.0% in the third quarter. LPL Financial LLC now owns 643,213 shares of the investment management company’s stock valued at $3,415,000 after purchasing an additional 102,907 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of PIMCO Strategic Income Fund by 51.0% in the third quarter. Kestra Advisory Services LLC now owns 315,261 shares of the investment management company’s stock valued at $1,674,000 after purchasing an additional 106,524 shares during the period. Wagner Wealth Management LLC purchased a new position in shares of PIMCO Strategic Income Fund in the fourth quarter valued at $537,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of PIMCO Strategic Income Fund by 12.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 44,462 shares of the investment management company’s stock valued at $270,000 after purchasing an additional 4,920 shares during the period. Institutional investors and hedge funds own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Price Performance

Shares of PIMCO Strategic Income Fund stock traded down $0.01 during trading hours on Friday, hitting $5.69. The company’s stock had a trading volume of 57,879 shares, compared to its average volume of 136,895. PIMCO Strategic Income Fund has a 1-year low of $4.51 and a 1-year high of $6.31. The business has a fifty day moving average of $6.02 and a 200 day moving average of $5.80.

PIMCO Strategic Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 10.76%. The ex-dividend date of this dividend is Wednesday, April 10th.

About PIMCO Strategic Income Fund

PIMCO Strategic Global Government Fund, Inc 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 primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.