PIMCO Income Strategy Fund II (NYSE:PFN) Sees Significant Drop in Short Interest

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 453,190 shares, a decline of 49.2% from the August 31st total of 892,347 shares. Based on an average daily volume of 548,433 shares, the short-interest ratio is presently 0.8 days.

PIMCO Income Strategy Fund II Price Performance

Shares of PFN stock traded up $0.04 during trading hours on Thursday, reaching $6.29. The company had a trading volume of 654,390 shares, compared to its average volume of 487,799. The stock has a fifty day moving average of $6.83 and a 200-day moving average of $6.91. PIMCO Income Strategy Fund II has a 12-month low of $6.15 and a 12-month high of $7.65.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a dividend of $0.0718 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.86 dividend on an annualized basis and a yield of 13.7%.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new stake in PIMCO Income Strategy Fund II in the 1st quarter valued at about $28,000. Allworth Financial LP purchased a new stake in shares of PIMCO Income Strategy Fund II in the 2nd quarter valued at approximately $41,000. Fifth Third Bancorp purchased a new stake in shares of PIMCO Income Strategy Fund II in the 1st quarter valued at approximately $53,000. World Investment Advisors lifted its holdings in shares of PIMCO Income Strategy Fund II by 75.7% in the 4th quarter. World Investment Advisors now owns 18,938 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 8,162 shares during the last quarter. Finally, Burford Brothers Inc. acquired a new position in shares of PIMCO Income Strategy Fund II in the 1st quarter worth approximately $281,000.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through active management of a diversified portfolio of fixed-income securities.

The fund may invest across global fixed-income markets, including investment-grade and below-investment-grade corporate bonds, government and sovereign debt, mortgage-backed and other asset-backed securities, emerging-market obligations, and other income-producing instruments.