PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Down 50.3% in March

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 681,738 shares, a drop of 50.3% from the March 15th total of 1,372,151 shares. Based on an average daily trading volume, of 298,785 shares, the days-to-cover ratio is presently 2.3 days.

PIMCO Income Strategy Fund Price Performance

Shares of PIMCO Income Strategy Fund stock opened at $8.10 on Friday. The business’s 50 day simple moving average is $8.20 and its 200 day simple moving average is $8.35. PIMCO Income Strategy Fund has a 52-week low of $7.60 and a 52-week high of $8.70.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Monday, April 13th will be issued a $0.0814 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a c) annualized dividend and a yield of 12.1%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of PIMCO Income Strategy Fund during the 4th quarter worth $29,000. Highline Wealth Partners LLC raised its holdings in shares of PIMCO Income Strategy Fund by 1,114.3% during the 4th quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock worth $36,000 after buying an additional 3,900 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of PIMCO Income Strategy Fund by 19.1% during the 3rd quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock worth $90,000 after buying an additional 1,700 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of PIMCO Income Strategy Fund during the 1st quarter worth $94,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of PIMCO Income Strategy Fund during the 3rd quarter worth $101,000.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund (NYSE: PFL) is a closed-end management investment company that seeks to deliver a high level of current income, with a secondary objective of capital appreciation. The fund employs a flexible, multi-sector approach to building a diversified portfolio of global fixed-income securities and may use leverage to enhance income potential. Managed by Pacific Investment Management Company LLC (PIMCO), the fund leverages the firm’s extensive credit research and risk management capabilities.

The fund’s investment strategy spans corporate debt, asset-backed and mortgage-backed securities, government and agency obligations, and emerging markets debt.