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

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 725,700 shares, a drop of 19.0% from the November 15th total of 895,900 shares. Based on an average daily trading volume, of 149,500 shares, the short-interest ratio is currently 4.9 days.

Hedge Funds Weigh In On PIMCO Strategic Income Fund

Several institutional investors have recently made changes to their positions in the company. Benjamin Edwards Inc. acquired a new stake in PIMCO Strategic Income Fund during the third quarter valued at $2,965,000. FSA Wealth Management LLC acquired a new stake in shares of PIMCO Strategic Income Fund during the 3rd quarter valued at about $108,000. Balboa Wealth Partners increased its stake in shares of PIMCO Strategic Income Fund by 248.5% in the 3rd quarter. Balboa Wealth Partners now owns 158,896 shares of the investment management company’s stock valued at $1,222,000 after purchasing an additional 113,307 shares in the last quarter. Baker Avenue Asset Management LP purchased a new position in shares of PIMCO Strategic Income Fund in the 3rd quarter valued at about $681,000. Finally, Cetera Investment Advisers raised its holdings in PIMCO Strategic Income Fund by 35.4% in the 2nd quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company’s stock worth $1,207,000 after purchasing an additional 50,837 shares during the period. 13.48% of the stock is owned by hedge funds and other institutional investors.

PIMCO Strategic Income Fund Stock Down 4.0 %

Shares of RCS traded down $0.31 during mid-day trading on Friday, reaching $7.40. The company had a trading volume of 325,173 shares, compared to its average volume of 140,026. PIMCO Strategic Income Fund has a 52-week low of $5.54 and a 52-week high of $8.09. The stock has a 50 day moving average of $7.72 and a two-hundred day moving average of $7.08.

PIMCO Strategic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 8.27%.

About PIMCO Strategic Income Fund

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.