Short Interest in PIMCO Income Strategy Fund (NYSE:PFL) Decreases By 15.5%

PIMCO Income Strategy Fund (NYSE:PFL) saw a significant drop in short interest in April. As of April 15th, there was short interest totaling 576,300 shares, a drop of 15.5% from the March 31st total of 681,738 shares. Based on an average daily trading volume, of 152,084 shares, the short-interest ratio is currently 3.8 days.

PIMCO Income Strategy Fund Stock Up 0.3%

PIMCO Income Strategy Fund stock traded up $0.03 during midday trading on Friday, reaching $8.08. The company’s stock had a trading volume of 177,056 shares, compared to its average volume of 206,955. PIMCO Income Strategy Fund has a fifty-two week low of $7.60 and a fifty-two week high of $8.70. The business has a 50-day simple moving average of $8.09 and a 200-day simple moving average of $8.30.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 13th were paid a $0.0814 dividend. The ex-dividend date was Monday, April 13th. This represents a c) dividend on an annualized basis and a yield of 12.1%.

Institutional Trading of PIMCO Income Strategy Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in PIMCO Income Strategy Fund in the fourth quarter valued at $29,000. Highline Wealth Partners LLC raised its stake in PIMCO Income Strategy Fund by 1,114.3% in the fourth quarter. Highline Wealth Partners LLC now owns 4,250 shares of the investment management company’s stock valued at $36,000 after buying an additional 3,900 shares in the last quarter. Sprinkle Financial Consultants LLC acquired a new stake in PIMCO Income Strategy Fund in the first quarter valued at $80,000. CoreCap Advisors LLC raised its stake in PIMCO Income Strategy Fund by 19.1% in the third quarter. CoreCap Advisors LLC now owns 10,605 shares of the investment management company’s stock valued at $90,000 after buying an additional 1,700 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in PIMCO Income Strategy Fund in the first quarter valued at $94,000.

PIMCO Income Strategy Fund Company Profile

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.