Short Interest in PIMCO Income Strategy Fund (NYSE:PFL) Increases By 34.7%

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,156,422 shares, a growth of 34.7% from the November 30th total of 858,345 shares. Based on an average trading volume of 254,268 shares, the days-to-cover ratio is presently 4.5 days. Based on an average trading volume of 254,268 shares, the days-to-cover ratio is presently 4.5 days.

PIMCO Income Strategy Fund Trading Up 0.4%

PIMCO Income Strategy Fund stock traded up $0.03 during midday trading on Thursday, reaching $8.49. The stock had a trading volume of 768,711 shares, compared to its average volume of 177,869. The firm’s fifty day simple moving average is $8.40 and its two-hundred day simple moving average is $8.42. PIMCO Income Strategy Fund has a twelve month low of $7.11 and a twelve month high of $8.70.

PIMCO Income Strategy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a $0.0814 dividend. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Thursday, December 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PFL. Allworth Financial LP acquired a new position in PIMCO Income Strategy Fund in the second quarter worth approximately $34,000. CoreCap Advisors LLC grew its position 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 worth $90,000 after acquiring 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. Hohimer Wealth Management LLC bought a new position in shares of PIMCO Income Strategy Fund during the 3rd quarter valued at $101,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of PIMCO Income Strategy Fund by 18.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 11,912 shares of the investment management company’s stock valued at $102,000 after purchasing an additional 1,863 shares during the last quarter.

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.