PIMCO Income Strategy Fund II (NYSE:PFN) Sees Significant Decrease in Short Interest

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 453,190 shares, a decrease of 49.2% from the August 31st total of 892,347 shares. Based on an average trading volume of 548,433 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC raised its stake in PIMCO Income Strategy Fund II by 5.5% in the 2nd quarter. Ameritas Advisory Services LLC now owns 40,324 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 2,100 shares during the period. Advisory Solutions Group LLC purchased a new position in shares of PIMCO Income Strategy Fund II in the second quarter worth about $705,000. Susquehanna International Group LLP raised its position in shares of PIMCO Income Strategy Fund II by 760.8% in the second quarter. Susquehanna International Group LLP now owns 223,785 shares of the financial services provider’s stock valued at $1,596,000 after purchasing an additional 197,789 shares during the period. IMC Chicago LLC bought a new stake in shares of PIMCO Income Strategy Fund II in the second quarter valued at approximately $604,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of PIMCO Income Strategy Fund II during the 2nd quarter valued at approximately $584,000.

PIMCO Income Strategy Fund II Trading Down 0.7%

Shares of NYSE:PFN traded down $0.04 during mid-day trading on Wednesday, reaching $6.25. The company had a trading volume of 555,803 shares, compared to its average volume of 486,908. The company’s 50-day moving average price is $6.85 and its 200-day moving average price is $6.92. PIMCO Income Strategy Fund II has a one year low of $6.15 and a one year high of $7.65.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be paid a $0.0718 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.86 annualized dividend and a dividend yield of 13.8%.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through active management of a diversified portfolio of fixed-income securities.

The fund may invest across global fixed-income markets, including investment-grade and below-investment-grade corporate bonds, government and sovereign debt, mortgage-backed and other asset-backed securities, emerging-market obligations, and other income-producing instruments.