Short Interest in PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Declines By 77.3%

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 3,700 shares, a decline of 77.3% from the February 13th total of 16,300 shares. Based on an average daily trading volume, of 260,600 shares, the days-to-cover ratio is currently 0.0 days.

Insider Activity at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. acquired 2,000 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction on Friday, December 20th. The shares were bought at an average price of $25.14 per share, with a total value of $50,280.00. Following the completion of the purchase, the insider now owns 6,810,213 shares in the company, valued at $171,208,754.82. This trade represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 749,450 shares of company stock valued at $20,641,521 in the last 90 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. First Trust Advisors LP boosted its holdings in PIMCO Dynamic Income Strategy Fund by 2.1% during the fourth quarter. First Trust Advisors LP now owns 47,437 shares of the company’s stock worth $1,240,000 after buying an additional 993 shares during the last quarter. Continuum Advisory LLC acquired a new position in PIMCO Dynamic Income Strategy Fund during the 4th quarter worth approximately $26,000. HighTower Advisors LLC grew its position in PIMCO Dynamic Income Strategy Fund by 3.0% in the third quarter. HighTower Advisors LLC now owns 56,482 shares of the company’s stock valued at $1,337,000 after purchasing an additional 1,644 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of PIMCO Dynamic Income Strategy Fund by 11.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,575 shares of the company’s stock valued at $433,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Spire Wealth Management increased its position in shares of PIMCO Dynamic Income Strategy Fund by 27.3% during the 4th quarter. Spire Wealth Management now owns 10,117 shares of the company’s stock worth $264,000 after purchasing an additional 2,170 shares during the last quarter.

PIMCO Dynamic Income Strategy Fund Stock Performance

PDX opened at $23.98 on Friday. PIMCO Dynamic Income Strategy Fund has a 1-year low of $20.31 and a 1-year high of $32.88. The firm has a 50-day moving average price of $26.05 and a two-hundred day moving average price of $25.12.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a dividend of $0.1334 per share. The ex-dividend date is Thursday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.68%.