Short Interest in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Decreases By 16.5%

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 500,116 shares, a drop of 16.5% from the January 29th total of 598,954 shares. Based on an average daily volume of 177,155 shares, the short-interest ratio is currently 2.8 days. Currently, 1.1% of the company’s stock are sold short. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 177,155 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RCS. Silver Oak Securities Incorporated bought a new position in PIMCO Strategic Income Fund during the fourth quarter valued at $603,000. Marex Group plc bought a new stake in shares of PIMCO Strategic Income Fund in the fourth quarter valued at $571,000. Goldman Sachs Group Inc. purchased a new position in shares of PIMCO Strategic Income Fund during the 4th quarter valued at $526,000. LPL Financial LLC grew its stake in shares of PIMCO Strategic Income Fund by 30.6% during the 4th quarter. LPL Financial LLC now owns 369,581 shares of the investment management company’s stock worth $2,059,000 after acquiring an additional 86,529 shares during the period. Finally, Milestone Asset Management LLC increased its holdings in PIMCO Strategic Income Fund by 38.3% in the 4th quarter. Milestone Asset Management LLC now owns 172,517 shares of the investment management company’s stock worth $961,000 after acquiring an additional 47,767 shares during the last quarter. 13.48% of the stock is currently owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Trading Down 0.2%

RCS stock traded down $0.01 during trading on Thursday, reaching $5.83. The stock had a trading volume of 109,050 shares, compared to its average volume of 205,038. The company’s 50 day moving average is $5.91 and its two-hundred day moving average is $6.70. PIMCO Strategic Income Fund has a one year low of $5.25 and a one year high of $8.00.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th were paid a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Thursday, February 12th.

About PIMCO Strategic Income Fund

PIMCO Strategic Income Fund (NYSE: RCS) is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world’s leading fixed income investment managers, and leverages PIMCO’s global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund’s investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.