PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Up 27.2% in March

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 1,372,151 shares, a growth of 27.2% from the February 26th total of 1,078,947 shares. Based on an average trading volume of 277,896 shares, the days-to-cover ratio is currently 4.9 days.

Institutional Trading of PIMCO Income Strategy Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC lifted its holdings in PIMCO Income Strategy Fund by 23.6% in the 4th quarter. Guggenheim Capital LLC now owns 983,056 shares of the investment management company’s stock valued at $8,287,000 after purchasing an additional 187,978 shares in the last quarter. LPL Financial LLC raised its position in shares of PIMCO Income Strategy Fund by 18.2% in the fourth quarter. LPL Financial LLC now owns 497,728 shares of the investment management company’s stock valued at $4,196,000 after buying an additional 76,686 shares during the last quarter. Centaurus Financial Inc. lifted its stake in shares of PIMCO Income Strategy Fund by 5.5% during the second quarter. Centaurus Financial Inc. now owns 357,970 shares of the investment management company’s stock valued at $2,985,000 after buying an additional 18,759 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of PIMCO Income Strategy Fund by 42.2% during the third quarter. Ameriprise Financial Inc. now owns 334,062 shares of the investment management company’s stock valued at $2,808,000 after buying an additional 99,096 shares during the period. Finally, GraniteShares Advisors LLC acquired a new stake in PIMCO Income Strategy Fund during the fourth quarter worth approximately $2,739,000.

PIMCO Income Strategy Fund Stock Performance

NYSE PFL traded up $0.01 during mid-day trading on Monday, hitting $7.72. The stock had a trading volume of 58,358 shares, compared to its average volume of 220,539. PIMCO Income Strategy Fund has a 52-week low of $7.11 and a 52-week high of $8.70. The company has a 50 day simple moving average of $8.27 and a 200 day simple moving average of $8.38.

PIMCO Income Strategy Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be given a $0.0814 dividend. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.