PIMCO Income Strategy Fund (NYSE:PFL) Shares Shorted: Short Interest Up 139.3% in October

PIMCO Income Strategy Fund (NYSE:PFL) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 101,860 shares, a growth of 139.3% from the September 30th total of 42,560 shares. Based on an average trading volume of 326,417 shares, the short-interest ratio is currently 0.3 days.

PIMCO Income Strategy Fund Stock Performance

NYSE PFL traded down $0.02 during trading hours on Friday, hitting $6.76. 258,039 shares of the company’s stock were exchanged, compared to its average volume of 225,303. PIMCO Income Strategy Fund has a 12-month low of $6.60 and a 12-month high of $8.54. The business’s 50 day moving average is $7.09 and its 200-day moving average is $7.76.

PIMCO Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be given a $0.0814 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $0.98 annualized dividend and a dividend yield of 14.4%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. GraniteShares Advisors LLC grew its position in shares of PIMCO Income Strategy Fund by 1.6% during the 3rd quarter. GraniteShares Advisors LLC now owns 340,656 shares of the investment management company’s stock valued at $2,351,000 after buying an additional 5,268 shares during the last quarter. D.A. Davidson & CO. boosted its stake in PIMCO Income Strategy Fund by 18.3% during the third quarter. D.A. Davidson & CO. now owns 42,847 shares of the investment management company’s stock valued at $296,000 after buying an additional 6,614 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of PIMCO Income Strategy Fund by 4.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 43,665 shares of the investment management company’s stock worth $302,000 after purchasing an additional 2,000 shares in the last quarter. Fortitude Advisory Group L.L.C. boosted its position in shares of PIMCO Income Strategy Fund by 49.8% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 40,072 shares of the investment management company’s stock valued at $276,000 after purchasing an additional 13,327 shares during the period. Finally, Shaker Financial Services LLC raised its holdings in shares of PIMCO Income Strategy Fund by 85.8% during the third quarter. Shaker Financial Services LLC now owns 548,253 shares of the investment management company’s stock valued at $3,809,000 after acquiring an additional 253,173 shares during the period.

PIMCO Income Strategy Fund Company Profile

PIMCO Income Strategy Fund (NYSE:PFL) 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.

PFL invests primarily in a diversified portfolio of fixed-income securities issued by governments, corporations and other entities. Its investments may include investment-grade and below-investment-grade debt, mortgage- and asset-backed securities, emerging-market debt, and other income-producing instruments.