PIMCO Income Strategy Fund II (NYSE:PFN) Stock Short Interest Falls 55.4%

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 202,269 shares, a decline of 55.4% from the September 15th total of 453,190 shares. Based on an average trading volume of 702,321 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Large investors have recently bought and sold shares of the stock. Western Wealth Management LLC acquired a new stake in PIMCO Income Strategy Fund II in the 1st quarter valued at about $28,000. Allworth Financial LP purchased a new position in shares of PIMCO Income Strategy Fund II in the 2nd quarter valued at about $41,000. Fifth Third Bancorp purchased a new position in shares of PIMCO Income Strategy Fund II in the 1st quarter valued at about $53,000. World Investment Advisors grew its position in shares of PIMCO Income Strategy Fund II by 75.7% during the fourth quarter. World Investment Advisors now owns 18,938 shares of the financial services provider’s stock worth $142,000 after buying an additional 8,162 shares in the last quarter. Finally, Burford Brothers Inc. acquired a new position in shares of PIMCO Income Strategy Fund II during the first quarter worth about $281,000.

PIMCO Income Strategy Fund II Stock Down 1.7%

Shares of PIMCO Income Strategy Fund II stock traded down $0.10 during trading hours on Tuesday, reaching $6.21. 470,671 shares of the company were exchanged, compared to its average volume of 493,158. PIMCO Income Strategy Fund II has a 1 year low of $6.15 and a 1 year high of $7.59. The stock’s fifty day moving average is $6.71 and its 200 day moving average is $6.88.

PIMCO Income Strategy Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be paid a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Tuesday, October 13th.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end investment fund managed by Pacific Investment Management Company LLC (PIMCO). The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

To pursue its objectives, PFN invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, mortgage-backed and other asset-backed securities, government and sovereign debt, emerging-market obligations, and securities rated below investment grade.