PIMCO Income Strategy Fund (NYSE:PFL) Sees Large Decrease in Short Interest

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 106,900 shares, a decline of 44.6% from the January 15th total of 192,800 shares. Based on an average trading volume of 163,800 shares, the days-to-cover ratio is presently 0.7 days.

PIMCO Income Strategy Fund Price Performance

PFL stock traded up $0.04 during trading on Thursday, hitting $8.52. The company had a trading volume of 120,198 shares, compared to its average volume of 170,437. PIMCO Income Strategy Fund has a fifty-two week low of $7.95 and a fifty-two week high of $8.81. The company has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $8.44.

PIMCO Income Strategy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be paid a $0.0814 dividend. This represents a $0.98 annualized dividend and a yield of 11.47%. The ex-dividend date is Thursday, February 13th.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Institutional investors have recently added to or reduced their stakes in the company. Anfield Capital Management LLC acquired a new stake in PIMCO Income Strategy Fund during the fourth quarter worth approximately $56,000. Miller Financial Services LLC bought a new position in PIMCO Income Strategy Fund during the fourth quarter worth $93,000. Virtu Financial LLC bought a new position in shares of PIMCO Income Strategy Fund in the 3rd quarter worth $108,000. Financial Advocates Investment Management bought a new position in PIMCO Income Strategy Fund during the 3rd quarter valued at $110,000. Finally, Geneos Wealth Management Inc. increased its position in shares of PIMCO Income Strategy Fund by 11.6% during the 4th quarter. Geneos Wealth Management Inc. now owns 13,793 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 1,437 shares during the last quarter.

About PIMCO Income Strategy Fund

PIMCO Income Strategy Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund invests in a diversified portfolio of floating rate debt instruments with an average duration of around three years.