PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Short Interest Up 19.0% in August

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 845,400 shares, a growth of 19.0% from the August 15th total of 710,500 shares. Based on an average daily trading volume, of 146,700 shares, the days-to-cover ratio is currently 5.8 days.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

A number of institutional investors have recently modified their holdings of the company. Principal Securities Inc. purchased a new position in PIMCO Strategic Income Fund in the fourth quarter valued at $28,000. Keystone Financial Group purchased a new position in PIMCO Strategic Income Fund in the fourth quarter valued at $62,000. Straight Path Wealth Management boosted its holdings in PIMCO Strategic Income Fund by 17.1% in the second quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company’s stock valued at $170,000 after purchasing an additional 4,014 shares during the period. J.W. Cole Advisors Inc. purchased a new position in PIMCO Strategic Income Fund in the second quarter valued at $189,000. Finally, Atomi Financial Group Inc. boosted its holdings in PIMCO Strategic Income Fund by 135.8% in the first quarter. Atomi Financial Group Inc. now owns 84,536 shares of the investment management company’s stock valued at $515,000 after purchasing an additional 48,682 shares during the period. 13.48% of the stock is owned by institutional investors and hedge funds.

PIMCO Strategic Income Fund Trading Up 2.1 %

Shares of NYSE RCS traded up $0.16 during trading on Friday, reaching $7.66. The stock had a trading volume of 255,207 shares, compared to its average volume of 136,812. PIMCO Strategic Income Fund has a fifty-two week low of $4.51 and a fifty-two week high of $7.68. The business’s 50-day moving average price is $6.79 and its 200-day moving average price is $6.29.

PIMCO Strategic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 7.99%.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Global Government Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.