PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Short Interest Up 24.8% in March

by · The Cerbat Gem

PIMCO Dynamic Income Strategy Fund (NYSE:PDX – Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 38,800 shares, a growth of 24.8% from the March 15th total of 31,100 shares. Based on an average daily trading volume, of 255,000 shares, the days-to-cover ratio is presently 0.2 days.

Insider Buying and Selling at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 13,837 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $24.98, for a total transaction of $345,648.26. Following the completion of the sale, the insider now owns 7,528,097 shares in the company, valued at $188,051,863.06. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

Institutional investors have recently made changes to their positions in the stock. Cornerstone Wealth Management LLC lifted its holdings in shares of PIMCO Dynamic Income Strategy Fund by 11.6% in the 1st quarter. Cornerstone Wealth Management LLC now owns 16,659 shares of the company’s stock worth $409,000 after purchasing an additional 1,725 shares during the last quarter. Janney Montgomery Scott LLC increased its position in PIMCO Dynamic Income Strategy Fund by 19.0% in the first quarter. Janney Montgomery Scott LLC now owns 19,732 shares of the company’s stock worth $484,000 after buying an additional 3,157 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in PIMCO Dynamic Income Strategy Fund by 6.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 20,938 shares of the company’s stock worth $514,000 after buying an additional 1,249 shares during the period. Continuum Advisory LLC bought a new stake in PIMCO Dynamic Income Strategy Fund in the fourth quarter valued at $26,000. Finally, Saba Capital Management L.P. boosted its holdings in shares of PIMCO Dynamic Income Strategy Fund by 8.5% during the fourth quarter. Saba Capital Management L.P. now owns 6,810,213 shares of the company’s stock valued at $177,951,000 after acquiring an additional 535,290 shares during the period.

PIMCO Dynamic Income Strategy Fund Trading Up 3.7 %

Shares of NYSE PDX traded up $0.75 during midday trading on Friday, hitting $21.26. The company’s stock had a trading volume of 140,933 shares, compared to its average volume of 129,431. PIMCO Dynamic Income Strategy Fund has a 1-year low of $19.26 and a 1-year high of $32.88. The firm’s fifty day moving average price is $23.37 and its 200-day moving average price is $24.94.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Friday, April 11th will be paid a $0.1334 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 7.53%.

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