Short Interest in PIMCO Income Strategy Fund II (NYSE:PFN) Drops By 36.6%

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 892,347 shares, a decline of 36.6% from the August 15th total of 1,408,570 shares. Based on an average daily volume of 344,609 shares, the days-to-cover ratio is currently 2.6 days.

PIMCO Income Strategy Fund II Trading Up 0.5%

PFN stock traded up $0.04 during mid-day trading on Thursday, hitting $6.54. 1,095,639 shares of the stock were exchanged, compared to its average volume of 477,395. The business has a fifty day moving average price of $6.99 and a 200 day moving average price of $6.97. PIMCO Income Strategy Fund II has a 12 month low of $6.45 and a 12 month high of $7.65.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a dividend of $0.0718 per share. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Friday, September 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PFN. Ameritas Advisory Services LLC raised its holdings in shares of PIMCO Income Strategy Fund II by 5.5% during the second 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 in the last quarter. Advisory Solutions Group LLC purchased a new stake in shares of PIMCO Income Strategy Fund II in the 2nd quarter worth approximately $705,000. Susquehanna International Group LLP grew its stake 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 worth $1,596,000 after acquiring an additional 197,789 shares during the last quarter. IMC Chicago LLC bought a new stake in PIMCO Income Strategy Fund II during the 2nd quarter valued at about $604,000. Finally, Centaurus Financial Inc. purchased a new position in PIMCO Income Strategy Fund II in the 2nd quarter worth approximately $584,000.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.