PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Short Interest Update

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 669,800 shares, a decline of 20.5% from the December 15th total of 842,100 shares. Based on an average daily trading volume, of 196,800 shares, the short-interest ratio is currently 3.4 days.

PIMCO Strategic Income Fund Trading Up 1.3 %

PIMCO Strategic Income Fund stock traded up $0.09 during trading on Friday, hitting $6.56. 164,594 shares of the company were exchanged, compared to its average volume of 450,127. The business’s 50 day moving average is $7.40 and its 200 day moving average is $7.21. PIMCO Strategic Income Fund has a 52 week low of $5.54 and a 52 week high of $8.09.

PIMCO Strategic Income Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.48 annualized dividend and a dividend yield of 7.32%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RCS. Straight Path Wealth Management increased its position in shares of PIMCO Strategic Income Fund by 17.1% during the second quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 4,014 shares during the last quarter. FSA Wealth Management LLC bought a new position in PIMCO Strategic Income Fund in the 3rd quarter valued at $108,000. Mutual Advisors LLC grew its stake in PIMCO Strategic Income Fund by 93.3% in the 4th quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock valued at $375,000 after purchasing an additional 23,724 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of PIMCO Strategic Income Fund during the 2nd quarter valued at $189,000. Finally, Cetera Investment Advisers raised its stake in shares of PIMCO Strategic Income Fund by 35.4% during the 2nd quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock worth $1,207,000 after purchasing an additional 50,837 shares during the period. 13.48% of the stock is currently owned by hedge funds and other institutional investors.

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.