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

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 304,800 shares, a growth of 73.7% from the March 15th total of 175,500 shares. Based on an average trading volume of 351,100 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of PIMCO Income Strategy Fund II

Several institutional investors have recently made changes to their positions in PFN. GPS Wealth Strategies Group LLC grew its holdings in shares of PIMCO Income Strategy Fund II by 114.2% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 2,169 shares during the period. Putney Financial Group LLC purchased a new position in shares of PIMCO Income Strategy Fund II during the fourth quarter worth $40,000. Ameriflex Group Inc. acquired a new stake in shares of PIMCO Income Strategy Fund II in the fourth quarter valued at $57,000. Focus Partners Wealth purchased a new stake in shares of PIMCO Income Strategy Fund II in the 4th quarter valued at $78,000. Finally, World Investment Advisors acquired a new position in PIMCO Income Strategy Fund II during the 4th quarter worth about $80,000.

PIMCO Income Strategy Fund II Trading Down 0.3 %

PFN stock opened at $7.03 on Thursday. The firm has a 50-day moving average of $7.44 and a two-hundred day moving average of $7.48. PIMCO Income Strategy Fund II has a 12 month low of $6.26 and a 12 month high of $7.77.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be given a dividend of $0.0718 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.86 annualized dividend and a dividend yield of 12.26%.

About PIMCO Income Strategy Fund II

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.