PIMCO Strategic Income Fund, Inc. (NYSE:RCS – Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 669,800 shares, a drop of 20.5% from the December 15th total of 842,100 shares. Based on an average daily volume of 196,800 shares, the short-interest ratio is presently 3.4 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in RCS. Mutual Advisors LLC raised its stake in PIMCO Strategic Income Fund by 93.3% in the 4th quarter. Mutual Advisors LLC now owns 49,157 shares of the investment management company’s stock valued at $375,000 after acquiring an additional 23,724 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of PIMCO Strategic Income Fund in the third quarter worth about $2,965,000. FSA Wealth Management LLC bought a new stake in shares of PIMCO Strategic Income Fund in the third quarter valued at approximately $108,000. Balboa Wealth Partners lifted its stake in shares of PIMCO Strategic Income Fund by 248.5% during the 3rd quarter. Balboa Wealth Partners now owns 158,896 shares of the investment management company’s stock valued at $1,222,000 after buying an additional 113,307 shares in the last quarter. Finally, Baker Avenue Asset Management LP purchased a new stake in shares of PIMCO Strategic Income Fund during the 3rd quarter valued at approximately $681,000. Institutional investors own 13.48% of the company’s stock.
PIMCO Strategic Income Fund Trading Up 1.3 %
Shares of NYSE:RCS traded up $0.09 during mid-day trading on Friday, reaching $6.56. The company had a trading volume of 164,594 shares, compared to its average volume of 450,127. PIMCO Strategic Income Fund has a one year low of $5.54 and a one year high of $8.09. The company’s 50-day moving average price is $7.40 and its 200-day moving average price is $7.21.
PIMCO Strategic Income Fund Cuts Dividend
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.
Featured Articles
- Five stocks we like better than PIMCO Strategic Income Fund
- How to Plot Fibonacci Price Inflection Levels
- AI Demand Sparks Opportunities for These 3 Nuclear Energy Leaders
- What is an Earnings Surprise?
- TSMC: Long-Term Outlook Still Strong as Geopolitical Risk Rises
- Technology Stocks Explained: Here’s What to Know About Tech
- Uber’s NVIDIA Deal and Buybacks Signal Major Upside
Receive News & Ratings for PIMCO Strategic Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Strategic Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.