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

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 57,700 shares, a decrease 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.

Institutional Trading of PIMCO Income Strategy Fund II

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of PIMCO Income Strategy Fund II by 662.0% during the third quarter. International Assets Investment Management LLC now owns 7,620 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 6,620 shares during the period. First Foundation Advisors lifted its holdings in PIMCO Income Strategy Fund II by 18.8% in the 2nd quarter. First Foundation Advisors now owns 20,863 shares of the financial services provider’s stock worth $150,000 after buying an additional 3,306 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of PIMCO Income Strategy Fund II during the second quarter valued at approximately $287,000. J.W. Cole Advisors Inc. raised its holdings in shares of PIMCO Income Strategy Fund II by 81.0% during the second quarter. J.W. Cole Advisors Inc. now owns 44,325 shares of the financial services provider’s stock valued at $318,000 after acquiring an additional 19,836 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in PIMCO Income Strategy Fund II by 15.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 44,890 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 6,019 shares during the period.

PIMCO Income Strategy Fund II Stock Performance

Shares of NYSE PFN opened at $7.44 on Monday. The stock’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 twelve month low of $6.96 and a twelve month high of $7.76.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be issued a $0.0718 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.86 annualized dividend and a dividend yield of 11.58%.

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.