PIMCO Income Strategy Fund (NYSE:PFL) Sees Large Increase in Short Interest

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 187,600 shares, an increase of 75.5% from the January 31st total of 106,900 shares. Based on an average daily trading volume, of 155,200 shares, the days-to-cover ratio is presently 1.2 days.

PIMCO Income Strategy Fund Stock Up 0.2 %

PFL stock traded up $0.02 during trading on Friday, reaching $8.54. 115,640 shares of the stock were exchanged, compared to its average volume of 163,206. PIMCO Income Strategy Fund has a twelve month low of $7.95 and a twelve month high of $8.81. The stock has a 50 day simple moving average of $8.45 and a 200-day simple moving average of $8.47.

PIMCO Income Strategy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a dividend of $0.0814 per share. This represents a $0.98 dividend on an annualized basis and a yield of 11.44%. The ex-dividend date of this dividend is Thursday, February 13th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund

A number of institutional investors have recently added to or reduced their stakes in PFL. Rivernorth Capital Management LLC grew its position in PIMCO Income Strategy Fund by 141.8% during the third quarter. Rivernorth Capital Management LLC now owns 1,248,835 shares of the investment management company’s stock worth $10,703,000 after buying an additional 732,282 shares in the last quarter. Guggenheim Capital LLC grew its position in PIMCO Income Strategy Fund by 27.5% during the fourth quarter. Guggenheim Capital LLC now owns 470,241 shares of the investment management company’s stock worth $3,941,000 after buying an additional 101,412 shares in the last quarter. Centaurus Financial Inc. grew its position in PIMCO Income Strategy Fund by 52.9% during the third quarter. Centaurus Financial Inc. now owns 229,619 shares of the investment management company’s stock worth $1,968,000 after buying an additional 79,458 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in PIMCO Income Strategy Fund during the fourth quarter worth about $611,000. Finally, Noble Wealth Management PBC bought a new position in PIMCO Income Strategy Fund during the fourth quarter worth about $516,000.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund 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 invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.