PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Shares Down 1.4% – What’s Next?

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) fell 1.4% on Monday . The stock traded as low as $19.86 and last traded at $19.8840. 129,922 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 262,111 shares. The stock had previously closed at $20.16.

PIMCO Dynamic Income Strategy Fund Stock Performance

The company’s 50-day moving average price is $20.42 and its 200-day moving average price is $22.54.

PIMCO Dynamic Income Strategy Fund Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th were given a $0.1334 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, January 13th.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 38,170 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $21.82, for a total transaction of $832,869.40. Following the completion of the transaction, the insider directly owned 6,796,130 shares of the company’s stock, valued at $148,291,556.60. The trade was a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan Rappaport purchased 2,000 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were bought at an average price of $18.97 per share, for a total transaction of $37,940.00. Following the acquisition, the director owned 3,000 shares in the company, valued at $56,910. This trade represents a 200.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

Several large investors have recently bought and sold shares of PDX. Rareview Capital LLC raised its stake in PIMCO Dynamic Income Strategy Fund by 20.4% in the fourth quarter. Rareview Capital LLC now owns 74,510 shares of the company’s stock valued at $1,399,000 after buying an additional 12,646 shares in the last quarter. Spirepoint Private Client LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund in the 4th quarter valued at about $194,000. Allspring Global Investments Holdings LLC raised its position in shares of PIMCO Dynamic Income Strategy Fund by 54.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 34,828 shares of the company’s stock worth $654,000 after acquiring an additional 12,255 shares in the last quarter. Stolper Co lifted its stake in PIMCO Dynamic Income Strategy Fund by 2.2% during the fourth quarter. Stolper Co now owns 24,444 shares of the company’s stock worth $459,000 after purchasing an additional 517 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in PIMCO Dynamic Income Strategy Fund in the third quarter valued at approximately $255,000.

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a diversified, closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). Launched in 2011, the fund seeks to deliver high current income and capital appreciation by investing in a broad range of fixed income securities. As a closed-end vehicle, PDX trades on the NYSE and employs leverage to enhance its income potential, while adhering to its investment objective under varying market conditions.

The fund’s strategy centers on a flexible allocation among global debt markets, encompassing investment-grade and high-yield corporate bonds, U.S.