PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Short Interest Update

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 725,700 shares, a drop of 19.0% from the November 15th total of 895,900 shares. Based on an average daily trading volume, of 149,500 shares, the short-interest ratio is currently 4.9 days.

Institutional Trading of PIMCO Strategic Income Fund

A number of hedge funds have recently added to or reduced their stakes in RCS. Straight Path Wealth Management increased its position in shares of PIMCO Strategic Income Fund by 17.1% in the second quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company’s stock valued at $170,000 after buying an additional 4,014 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in PIMCO Strategic Income Fund in the 3rd quarter worth $108,000. Atomi Financial Group Inc. raised its position in PIMCO Strategic Income Fund by 17.1% during the second quarter. Atomi Financial Group Inc. now owns 99,011 shares of the investment management company’s stock worth $615,000 after acquiring an additional 14,475 shares during the period. J.W. Cole Advisors Inc. purchased a new position in PIMCO Strategic Income Fund during the second quarter valued at $189,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of PIMCO Strategic Income Fund by 6.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 865,572 shares of the investment management company’s stock valued at $5,375,000 after purchasing an additional 49,004 shares during the period. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Stock Up 0.8 %

RCS stock traded up $0.06 during trading on Monday, hitting $7.46. 130,418 shares of the company traded hands, compared to its average volume of 139,986. PIMCO Strategic Income Fund has a 1 year low of $5.54 and a 1 year high of $8.09. The stock’s 50-day simple moving average is $7.72 and its 200 day simple moving average is $7.09.

PIMCO Strategic Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be paid a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 8.20%. The ex-dividend date of this dividend is Thursday, December 12th.

About PIMCO Strategic Income Fund

PIMCO Strategic Global Government Fund, Inc 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 primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.