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

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 263,800 shares, a growth of 81.8% from the February 13th total of 145,100 shares. Based on an average daily trading volume, of 305,300 shares, the days-to-cover ratio is presently 0.9 days.

PIMCO Income Strategy Fund II Stock Up 0.1 %

Shares of PFN stock traded up $0.01 on Friday, reaching $7.45. 202,237 shares of the company were exchanged, compared to its average volume of 284,432. PIMCO Income Strategy Fund II has a 1 year low of $6.96 and a 1 year high of $7.77. The business has a 50-day moving average price of $7.52 and a 200 day moving average price of $7.51.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be given a dividend of $0.0718 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.86 dividend on an annualized basis and a yield of 11.57%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Main Street Financial Solutions LLC raised its position in shares of PIMCO Income Strategy Fund II by 3.0% during the 3rd quarter. Main Street Financial Solutions LLC now owns 47,257 shares of the financial services provider’s stock valued at $360,000 after buying an additional 1,355 shares during the period. Thrivent Financial for Lutherans purchased a new stake in PIMCO Income Strategy Fund II in the third quarter valued at $572,000. EverSource Wealth Advisors LLC lifted its stake in shares of PIMCO Income Strategy Fund II by 3.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 826,917 shares of the financial services provider’s stock valued at $6,301,000 after purchasing an additional 28,427 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in shares of PIMCO Income Strategy Fund II by 17.8% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 325,827 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 49,293 shares during the period. Finally, Private Trust Co. NA grew its holdings in shares of PIMCO Income Strategy Fund II by 70.3% during the 3rd quarter. Private Trust Co. NA now owns 181,660 shares of the financial services provider’s stock worth $1,384,000 after purchasing an additional 75,020 shares during the period.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.