PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Down 27.3% in August

PIMCO Income Strategy Fund II (NYSE:PFN) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 62,000 shares, a decline of 27.3% from the August 15th total of 85,300 shares. Based on an average trading volume of 286,500 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

A number of hedge funds and other institutional investors have recently bought and sold shares of PFN. EverSource Wealth Advisors LLC boosted its holdings in PIMCO Income Strategy Fund II by 4.7% during the second quarter. EverSource Wealth Advisors LLC now owns 798,490 shares of the financial services provider’s stock worth $5,773,000 after buying an additional 36,192 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in PIMCO Income Strategy Fund II by 3.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 489,643 shares of the financial services provider’s stock valued at $3,511,000 after purchasing an additional 15,590 shares during the period. Commonwealth Equity Services LLC grew its holdings in PIMCO Income Strategy Fund II by 18.4% during the second quarter. Commonwealth Equity Services LLC now owns 344,700 shares of the financial services provider’s stock valued at $2,472,000 after purchasing an additional 53,480 shares during the period. Envestnet Asset Management Inc. increased its stake in PIMCO Income Strategy Fund II by 17.4% in the second quarter. Envestnet Asset Management Inc. now owns 315,258 shares of the financial services provider’s stock valued at $2,260,000 after purchasing an additional 46,693 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in PIMCO Income Strategy Fund II by 2.2% in the second quarter. Raymond James & Associates now owns 288,464 shares of the financial services provider’s stock worth $2,068,000 after purchasing an additional 6,200 shares during the period.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE:PFN opened at $7.38 on Friday. PIMCO Income Strategy Fund II has a 1-year low of $5.93 and a 1-year high of $7.58. The business has a 50-day moving average price of $7.25 and a two-hundred day moving average price of $7.30.

PIMCO Income Strategy Fund II Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.67%. The ex-dividend date is Friday, September 13th.

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.