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

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 62,000 shares, a decrease of 27.3% from the August 15th total of 85,300 shares. Based on an average daily volume of 286,500 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of PFN. Foundations Investment Advisors LLC purchased a new stake in PIMCO Income Strategy Fund II during the 4th quarter valued at about $77,000. Cary Street Partners Investment Advisory LLC boosted its holdings in PIMCO Income Strategy Fund II by 341.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 13,700 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 10,600 shares during the period. Keudell Morrison Wealth Management purchased a new stake in PIMCO Income Strategy Fund II during the 2nd quarter valued at about $134,000. First Foundation Advisors boosted its holdings in PIMCO Income Strategy Fund II by 18.8% during the 2nd quarter. First Foundation Advisors now owns 20,863 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 3,306 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new stake in PIMCO Income Strategy Fund II during the 1st quarter valued at about $183,000.

PIMCO Income Strategy Fund II Price Performance

Shares of PFN traded down $0.01 during midday trading on Friday, reaching $7.38. The stock had a trading volume of 303,428 shares, compared to its average volume of 283,072. The company’s 50-day moving average is $7.25 and its 200 day moving average is $7.30. PIMCO Income Strategy Fund II has a 12-month low of $5.93 and a 12-month high of $7.58.

PIMCO Income Strategy Fund II Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be issued a $0.0718 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.67%. The ex-dividend date is Friday, September 13th.

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.