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

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 22,900 shares, a decrease of 63.1% from the August 31st total of 62,000 shares. Based on an average daily trading volume, of 298,100 shares, the short-interest ratio is currently 0.1 days.

PIMCO Income Strategy Fund II Price Performance

NYSE PFN traded up $0.01 during trading hours on Thursday, reaching $7.59. The stock had a trading volume of 271,561 shares, compared to its average volume of 283,865. The stock has a fifty day moving average of $7.32 and a 200 day moving average of $7.30. PIMCO Income Strategy Fund II has a 52-week low of $5.93 and a 52-week high of $7.59.

PIMCO Income Strategy Fund II Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be given a $0.0718 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.86 annualized dividend and a yield of 11.35%.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Hedge funds have recently bought and sold shares of the stock. Choreo LLC purchased a new stake in PIMCO Income Strategy Fund II in the 1st quarter worth approximately $483,000. Raymond James & Associates raised its stake in shares of PIMCO Income Strategy Fund II by 2.2% during the 2nd quarter. Raymond James & Associates now owns 288,464 shares of the financial services provider’s stock worth $2,068,000 after buying an additional 6,200 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of PIMCO Income Strategy Fund II by 81.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 44,325 shares of the financial services provider’s stock worth $318,000 after buying an additional 19,836 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of PIMCO Income Strategy Fund II by 13.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,871 shares of the financial services provider’s stock worth $290,000 after buying an additional 4,532 shares during the period. Finally, Cetera Advisors LLC raised its stake in shares of PIMCO Income Strategy Fund II by 7.2% during the 1st quarter. Cetera Advisors LLC now owns 41,169 shares of the financial services provider’s stock worth $307,000 after buying an additional 2,753 shares during the period.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.