PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Update

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 104,500 shares, an increase of 356.3% from the September 15th total of 22,900 shares. Based on an average trading volume of 302,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in shares of PIMCO Income Strategy Fund II in the second quarter valued at approximately $287,000. Truist Financial Corp boosted its holdings in PIMCO Income Strategy Fund II by 12.4% in the 2nd quarter. Truist Financial Corp now owns 68,273 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 7,513 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of PIMCO Income Strategy Fund II by 15.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 44,890 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 6,019 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of PIMCO Income Strategy Fund II by 3.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 489,643 shares of the financial services provider’s stock worth $3,511,000 after purchasing an additional 15,590 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of PIMCO Income Strategy Fund II by 4.7% in the second quarter. EverSource Wealth Advisors LLC now owns 798,490 shares of the financial services provider’s stock worth $5,773,000 after buying an additional 36,192 shares in the last quarter.

PIMCO Income Strategy Fund II Stock Performance

Shares of NYSE PFN remained flat at $7.71 during mid-day trading on Thursday. The stock had a trading volume of 350,272 shares, compared to its average volume of 286,453. PIMCO Income Strategy Fund II has a one year low of $5.93 and a one year high of $7.76. The business’s 50-day simple moving average is $7.42 and its 200-day simple moving average is $7.33.

PIMCO Income Strategy Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date is Friday, October 11th.

About PIMCO Income Strategy Fund II

PIMCO Income Strategy Fund II is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It invests in securities of companies operating across the diversified sectors.