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

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 175,500 shares, a decline of 33.5% from the February 28th total of 263,800 shares. Based on an average daily trading volume, of 300,200 shares, the days-to-cover ratio is currently 0.6 days.

PIMCO Income Strategy Fund II Stock Down 0.1 %

PIMCO Income Strategy Fund II stock traded down $0.01 during midday trading on Friday, hitting $7.54. 156,670 shares of the company were exchanged, compared to its average volume of 282,157. The business has a fifty day simple moving average of $7.53 and a two-hundred day simple moving average of $7.52. PIMCO Income Strategy Fund II has a fifty-two week low of $6.96 and a fifty-two week high of $7.77.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.0718 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.43%.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

Several institutional investors have recently made changes to their positions in PFN. Stifel Financial Corp boosted its holdings in PIMCO Income Strategy Fund II by 23.2% during the third quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock worth $720,000 after buying an additional 17,773 shares in the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of PIMCO Income Strategy Fund II in the fourth quarter worth about $87,000. Stratos Wealth Partners LTD. boosted its stake in shares of PIMCO Income Strategy Fund II by 22.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 124,667 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 22,597 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of PIMCO Income Strategy Fund II by 46.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 154,958 shares of the financial services provider’s stock valued at $1,154,000 after acquiring an additional 49,350 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of PIMCO Income Strategy Fund II in the 4th quarter valued at about $3,445,000.

PIMCO Income Strategy Fund II Company Profile

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.