Short Interest in PIMCO Income Strategy Fund II (NYSE:PFN) Grows By 85.5%

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,221,392 shares, a growth of 85.5% from the July 15th total of 658,426 shares. Based on an average daily volume of 694,703 shares, the short-interest ratio is currently 1.8 days.

PIMCO Income Strategy Fund II Trading Down 0.6%

Shares of PFN stock traded down $0.04 on Monday, hitting $7.04. The company had a trading volume of 423,731 shares, compared to its average volume of 477,413. PIMCO Income Strategy Fund II has a twelve month low of $6.53 and a twelve month high of $7.67. The stock’s 50-day moving average is $7.03 and its two-hundred day moving average is $7.05.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Thursday, August 13th will be given a dividend of $0.0718 per share. The ex-dividend date is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 12.2%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

Hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its position in PIMCO Income Strategy Fund II by 39,179.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,479,247 shares of the financial services provider’s stock valued at $11,094,000 after acquiring an additional 1,475,481 shares during the last quarter. LPL Financial LLC raised its position in shares of PIMCO Income Strategy Fund II by 0.6% in the 4th quarter. LPL Financial LLC now owns 1,314,714 shares of the financial services provider’s stock worth $9,860,000 after acquiring an additional 7,692 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of PIMCO Income Strategy Fund II by 0.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065,739 shares of the financial services provider’s stock valued at $7,993,000 after purchasing an additional 6,573 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of PIMCO Income Strategy Fund II by 17.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 889,980 shares of the financial services provider’s stock valued at $6,717,000 after purchasing an additional 131,851 shares during the period. Finally, Rivernorth Capital Management LLC boosted its position in shares of PIMCO Income Strategy Fund II by 4.3% during the 1st quarter. Rivernorth Capital Management LLC now owns 838,080 shares of the financial services provider’s stock valued at $5,774,000 after purchasing an additional 34,573 shares in the last quarter.

About PIMCO Income Strategy Fund II

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.