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

PIMCO Income Strategy Fund II (NYSE:PFNGet Free Report) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 57,700 shares, a decline of 13.4% from the November 30th total of 66,600 shares. Based on an average trading volume of 308,600 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO Income Strategy Fund II Price Performance

Shares of NYSE PFN opened at $7.44 on Monday. The firm’s 50-day moving average price is $7.49 and its 200-day moving average price is $7.39. PIMCO Income Strategy Fund II has a 52-week low of $6.96 and a 52-week high of $7.76.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be paid a dividend of $0.0718 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 11.58%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

Institutional investors and hedge funds have recently modified their holdings of the stock. Rivernorth Capital Management LLC raised its holdings in shares of PIMCO Income Strategy Fund II by 24.4% during the 3rd quarter. Rivernorth Capital Management LLC now owns 2,623,307 shares of the financial services provider’s stock worth $19,990,000 after acquiring an additional 513,824 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in PIMCO Income Strategy Fund II during the second quarter valued at $1,225,000. Private Trust Co. NA lifted its position in PIMCO Income Strategy Fund II by 70.3% during the third quarter. Private Trust Co. NA now owns 181,660 shares of the financial services provider’s stock valued at $1,384,000 after purchasing an additional 75,020 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of PIMCO Income Strategy Fund II in the 3rd quarter worth $572,000. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of PIMCO Income Strategy Fund II by 138.3% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 105,608 shares of the financial services provider’s stock worth $805,000 after buying an additional 61,283 shares during the last quarter.

About PIMCO Income Strategy Fund II

(Get Free Report)

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.

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