PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Down 88.0% in March

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 26,100 shares, a decrease of 88.0% from the February 29th total of 217,600 shares. Based on an average daily trading volume, of 326,200 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Shaker Financial Services LLC boosted its position in shares of PIMCO Income Strategy Fund II by 72.7% during the 4th quarter. Shaker Financial Services LLC now owns 463,132 shares of the financial services provider’s stock worth $3,377,000 after purchasing an additional 194,937 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of PIMCO Income Strategy Fund II by 65.5% during the 1st quarter. Royal Bank of Canada now owns 432,948 shares of the financial services provider’s stock valued at $3,758,000 after buying an additional 171,300 shares during the last quarter. Raymond James & Associates lifted its stake in PIMCO Income Strategy Fund II by 92.0% during the third quarter. Raymond James & Associates now owns 252,818 shares of the financial services provider’s stock worth $1,666,000 after purchasing an additional 121,140 shares during the last quarter. Rivernorth Capital Management LLC bought a new position in PIMCO Income Strategy Fund II during the first quarter worth $834,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of PIMCO Income Strategy Fund II by 19.2% during the third quarter. Commonwealth Equity Services LLC now owns 449,757 shares of the financial services provider’s stock valued at $2,964,000 after purchasing an additional 72,344 shares during the period.

PIMCO Income Strategy Fund II Price Performance

PIMCO Income Strategy Fund II stock traded up $0.05 during midday trading on Wednesday, hitting $7.47. 292,304 shares of the stock were exchanged, compared to its average volume of 322,710. PIMCO Income Strategy Fund II has a fifty-two week low of $5.93 and a fifty-two week high of $7.58. The stock’s 50-day simple moving average is $7.43 and its 200 day simple moving average is $7.02.

PIMCO Income Strategy Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be paid a $0.0718 dividend. This represents a $0.86 annualized dividend and a dividend yield of 11.53%. The ex-dividend date of this dividend is Friday, March 8th.

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.