PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Sees Significant Decline in Short Interest

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 20,500 shares, a drop of 21.5% from the August 15th total of 26,100 shares. Based on an average trading volume of 73,800 shares, the short-interest ratio is currently 0.3 days.

PIMCO Dynamic Income Strategy Fund Stock Up 0.1 %

PDX traded up $0.01 on Friday, hitting $23.40. 40,908 shares of the stock traded hands, compared to its average volume of 99,585. The business has a fifty day moving average of $22.82. PIMCO Dynamic Income Strategy Fund has a 52 week low of $16.89 and a 52 week high of $23.79.

PIMCO Dynamic Income Strategy Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.1133 dividend. This is a boost from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.11. This represents a $1.36 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend is Friday, September 13th.

Insider Transactions at PIMCO Dynamic Income Strategy Fund

In related news, major shareholder Saba Capital Management, L.P. bought 1,300 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was purchased at an average cost of $22.78 per share, for a total transaction of $29,614.00. Following the purchase, the insider now directly owns 6,466,172 shares in the company, valued at $147,299,398.16. The purchase was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 197,283 shares of company stock worth $4,524,737.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Institutional investors have recently bought and sold shares of the business. Country Trust Bank bought a new position in PIMCO Dynamic Income Strategy Fund during the second quarter worth about $1,041,000. Williams & Novak LLC acquired a new position in shares of PIMCO Dynamic Income Strategy Fund in the 2nd quarter worth approximately $280,000. Dynamic Advisor Solutions LLC bought a new position in shares of PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth approximately $293,000. Wealth Enhancement Advisory Services LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund in the 2nd quarter valued at $426,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in PIMCO Dynamic Income Strategy Fund in the second quarter valued at $354,000.