PIMCO Income Strategy Fund (NYSE:PFL) Short Interest Down 13.8% in March

PIMCO Income Strategy Fund (NYSE:PFL) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 178,800 shares, a decline of 13.8% from the February 28th total of 207,400 shares. Based on an average daily volume of 156,400 shares, the days-to-cover ratio is currently 1.1 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its position in PIMCO Income Strategy Fund by 11.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 13,793 shares of the investment management company’s stock worth $116,000 after purchasing an additional 1,437 shares during the period. Consolidated Portfolio Review Corp increased its stake in shares of PIMCO Income Strategy Fund by 8.8% in the 4th quarter. Consolidated Portfolio Review Corp now owns 22,540 shares of the investment management company’s stock valued at $189,000 after purchasing an additional 1,830 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of PIMCO Income Strategy Fund by 9.8% during the 3rd quarter. D.A. Davidson & CO. now owns 24,637 shares of the investment management company’s stock worth $211,000 after buying an additional 2,200 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in PIMCO Income Strategy Fund by 10.0% in the third quarter. Sanctuary Advisors LLC now owns 36,239 shares of the investment management company’s stock valued at $305,000 after buying an additional 3,302 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in PIMCO Income Strategy Fund by 5.3% in the fourth quarter. NewEdge Advisors LLC now owns 88,050 shares of the investment management company’s stock valued at $738,000 after acquiring an additional 4,400 shares during the last quarter.

PIMCO Income Strategy Fund Stock Down 0.5 %

Shares of PFL traded down $0.05 during midday trading on Thursday, reaching $8.54. 149,376 shares of the stock were exchanged, compared to its average volume of 137,814. The stock’s 50 day simple moving average is $8.51 and its 200 day simple moving average is $8.49. PIMCO Income Strategy Fund has a twelve month low of $7.95 and a twelve month high of $8.81.

PIMCO Income Strategy Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were issued a dividend of $0.0814 per share. The ex-dividend date was Thursday, March 13th. This represents a $0.98 annualized dividend and a dividend yield of 11.44%.

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.