PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Down 36.6% in August

by · The Cerbat Gem

PIMCO Income Strategy Fund II (NYSE:PFN – Get Free Report) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 892,347 shares, a drop of 36.6% from the August 15th total of 1,408,570 shares. Based on an average daily volume of 344,609 shares, the days-to-cover ratio is currently 2.6 days.

PIMCO Income Strategy Fund II Stock Performance

Shares of PFN traded up $0.04 during trading hours on Thursday, hitting $6.54. The stock had a trading volume of 1,095,639 shares, compared to its average volume of 477,395. PIMCO Income Strategy Fund II has a 12 month low of $6.45 and a 12 month high of $7.65. The stock has a fifty day moving average price of $6.99 and a 200 day moving average price of $6.97.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a dividend of $0.0718 per share. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Friday, September 11th.

Institutional Trading of PIMCO Income Strategy Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC bought a new stake in PIMCO Income Strategy Fund II during the first 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 worth $41,000. Fifth Third Bancorp purchased a new stake in PIMCO Income Strategy Fund II during the first quarter valued at approximately $53,000. Integrity Advisory Solutions LLC lifted its position in PIMCO Income Strategy Fund II by 16.6% in the fourth quarter. Integrity Advisory Solutions LLC now owns 13,762 shares of the financial services provider’s stock worth $103,000 after buying an additional 1,962 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in shares of PIMCO Income Strategy Fund II by 75.7% in the 4th quarter. World Investment Advisors now owns 18,938 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 8,162 shares during the last quarter.

PIMCO Income Strategy Fund II Company Profile

(Get Free Report)

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.

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