PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Update

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 441,340 shares, a drop of 31.3% from the December 15th total of 641,971 shares. Based on an average trading volume of 709,197 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 709,197 shares, the short-interest ratio is currently 0.6 days.

PIMCO Income Strategy Fund II Stock Up 0.5%

Shares of NYSE:PFN traded up $0.04 during trading on Friday, hitting $7.45. 238,167 shares of the company traded hands, compared to its average volume of 492,215. PIMCO Income Strategy Fund II has a one year low of $6.26 and a one year high of $7.67. The business’s fifty day moving average is $7.43 and its 200-day moving average is $7.49.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be given a $0.0718 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) annualized dividend and a yield of 11.6%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

Hedge funds and other institutional investors have recently modified their holdings of the company. Highline Wealth Partners LLC increased its holdings in shares of PIMCO Income Strategy Fund II by 1,030.3% in the 4th quarter. Highline Wealth Partners LLC now owns 3,730 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 3,400 shares during the period. Silver Oak Securities Incorporated bought a new position in PIMCO Income Strategy Fund II in the 4th quarter worth about $141,000. TrueMark Investments LLC increased its stake in shares of PIMCO Income Strategy Fund II by 3.7% in the fourth quarter. TrueMark Investments LLC now owns 45,820 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 1,639 shares during the period. CoreCap Advisors LLC increased its stake in shares of PIMCO Income Strategy Fund II by 1.6% in the fourth quarter. CoreCap Advisors LLC now owns 244,065 shares of the financial services provider’s stock valued at $1,830,000 after purchasing an additional 3,775 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of PIMCO Income Strategy Fund II during the fourth quarter valued at approximately $92,000.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.