PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Sees Large Increase in Short Interest

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 38,800 shares, an increase of 24.8% from the March 15th total of 31,100 shares. Based on an average trading volume of 255,000 shares, the short-interest ratio is currently 0.2 days.

PIMCO Dynamic Income Strategy Fund Price Performance

Shares of NYSE PDX opened at $20.83 on Tuesday. The business has a 50-day moving average of $23.29 and a 200-day moving average of $24.92. PIMCO Dynamic Income Strategy Fund has a 12 month low of $19.26 and a 12 month high of $32.88.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be issued a $0.1334 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Friday, April 11th.

Insider Activity at PIMCO Dynamic Income Strategy Fund

In related news, major shareholder Saba Capital Management, L.P. sold 13,837 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $24.98, for a total transaction of $345,648.26. Following the completion of the transaction, the insider now directly owns 7,528,097 shares in the company, valued at $188,051,863.06. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

A number of hedge funds have recently made changes to their positions in PDX. Continuum Advisory LLC purchased a new stake in PIMCO Dynamic Income Strategy Fund during the fourth quarter valued at about $26,000. Financial Perspectives Inc bought a new position in shares of PIMCO Dynamic Income Strategy Fund during the 4th quarter valued at about $85,000. Catalina Capital Group LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the 4th quarter valued at about $203,000. Convergence Financial LLC bought a new stake in PIMCO Dynamic Income Strategy Fund in the 4th quarter worth approximately $203,000. Finally, Cynosure Group LLC purchased a new stake in PIMCO Dynamic Income Strategy Fund in the fourth quarter worth approximately $210,000.