PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Down 22.4% in April

PIMCO Income Strategy Fund (NYSE:PFLGet Rating) was the target of a large decline in short interest in April. As of April 30th, there was short interest totalling 109,300 shares, a decline of 22.4% from the April 15th total of 140,800 shares. Based on an average trading volume of 118,800 shares, the short-interest ratio is currently 0.9 days.

PIMCO Income Strategy Fund stock opened at $9.13 on Monday. The company’s fifty day simple moving average is $9.91 and its 200-day simple moving average is $10.42. PIMCO Income Strategy Fund has a 12 month low of $8.98 and a 12 month high of $13.30.

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Thursday, May 12th will be issued a dividend of $0.0814 per share. This represents a $0.98 annualized dividend and a dividend yield of 10.70%. The ex-dividend date is Wednesday, May 11th.

Several institutional investors have recently bought and sold shares of PFL. Advisor Group Holdings Inc. grew its holdings in shares of PIMCO Income Strategy Fund by 117.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 333,137 shares of the investment management company’s stock valued at $3,397,000 after acquiring an additional 180,280 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 4th quarter valued at $1,035,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of PIMCO Income Strategy Fund by 355.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 92,178 shares of the investment management company’s stock valued at $940,000 after purchasing an additional 71,949 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of PIMCO Income Strategy Fund in the 1st quarter valued at $686,000. Finally, Kerntke Otto McGlone Wealth Management Group acquired a new stake in shares of PIMCO Income Strategy Fund in the 4th quarter valued at $544,000.

About PIMCO Income Strategy Fund (Get Rating)

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.

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