PIMCO Income Strategy Fund II (NYSE:PFN) Sees Large Increase in Short Interest

PIMCO Income Strategy Fund II (NYSE:PFN) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 145,100 shares, a growth of 109.1% from the January 31st total of 69,400 shares. Based on an average daily volume of 294,900 shares, the short-interest ratio is presently 0.5 days.

PIMCO Income Strategy Fund II Trading Up 0.2 %

PFN traded up $0.02 during trading on Friday, hitting $7.58. 304,595 shares of the stock were exchanged, compared to its average volume of 282,726. The firm has a 50 day simple moving average of $7.50 and a 200 day simple moving average of $7.49. PIMCO Income Strategy Fund II has a 1 year low of $6.96 and a 1 year high of $7.76.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a $0.0718 dividend. The ex-dividend date is Thursday, February 13th. This represents a $0.86 annualized dividend and a dividend yield of 11.37%.

Institutional Trading of PIMCO Income Strategy Fund II

A number of hedge funds have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC raised its holdings in shares of PIMCO Income Strategy Fund II by 24.4% in the 3rd quarter. Rivernorth Capital Management LLC now owns 2,623,307 shares of the financial services provider’s stock valued at $19,990,000 after purchasing an additional 513,824 shares in the last quarter. Guggenheim Capital LLC grew its holdings in PIMCO Income Strategy Fund II by 21.1% in the fourth quarter. Guggenheim Capital LLC now owns 1,713,668 shares of the financial services provider’s stock worth $12,767,000 after purchasing an additional 298,861 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of PIMCO Income Strategy Fund II by 5.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 873,513 shares of the financial services provider’s stock worth $6,508,000 after purchasing an additional 46,596 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of PIMCO Income Strategy Fund II by 3.2% during the 4th quarter. Cohen & Steers Inc. now owns 806,234 shares of the financial services provider’s stock valued at $6,006,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of PIMCO Income Strategy Fund II by 5.4% in the 4th quarter. Invesco Ltd. now owns 639,707 shares of the financial services provider’s stock worth $4,766,000 after purchasing an additional 32,872 shares in the last quarter.

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.