PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Short Interest Update

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) saw a large increase in short interest in the month of 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 daily volume of 255,000 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity

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 shares were sold at an average price of $24.98, for a total transaction of $345,648.26. Following the sale, the insider now owns 7,528,097 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Institutional investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its position in PIMCO Dynamic Income Strategy Fund by 0.7% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,965,523 shares of the company’s stock valued at $46,367,000 after acquiring an additional 12,728 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of PIMCO Dynamic Income Strategy Fund by 11.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,575 shares of the company’s stock worth $433,000 after acquiring an additional 1,650 shares during the period. Spire Wealth Management raised its holdings in shares of PIMCO Dynamic Income Strategy Fund by 27.3% during the fourth quarter. Spire Wealth Management now owns 10,117 shares of the company’s stock valued at $264,000 after purchasing an additional 2,170 shares during the last quarter. Catalina Capital Group LLC purchased a new stake in PIMCO Dynamic Income Strategy Fund in the fourth quarter worth approximately $203,000. Finally, Choreo LLC grew its position in PIMCO Dynamic Income Strategy Fund by 17.9% in the 4th quarter. Choreo LLC now owns 194,818 shares of the company’s stock worth $5,096,000 after purchasing an additional 29,627 shares during the period.

PIMCO Dynamic Income Strategy Fund Stock Down 1.4 %

PDX stock traded down $0.30 on Monday, reaching $20.83. 123,713 shares of the company traded hands, compared to its average volume of 129,408. The firm has a fifty day simple moving average of $23.37 and a 200-day simple moving average of $24.95. PIMCO Dynamic Income Strategy Fund has a one year low of $19.26 and a one year high of $32.88.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

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