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

PIMCO Income Strategy Fund II (NYSE:PFN) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 145,100 shares, an increase of 109.1% from the January 31st total of 69,400 shares. Based on an average daily trading volume, of 294,900 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

A number of institutional investors have recently modified their holdings of the stock. Main Street Financial Solutions LLC grew its holdings in PIMCO Income Strategy Fund II by 3.0% during the third quarter. Main Street Financial Solutions LLC now owns 47,257 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 1,355 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of PIMCO Income Strategy Fund II by 5.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 41,681 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 1,971 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in PIMCO Income Strategy Fund II by 114.2% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 4,069 shares of the financial services provider’s stock valued at $30,000 after buying an additional 2,169 shares during the period. Atomi Financial Group Inc. increased its stake in shares of PIMCO Income Strategy Fund II by 6.5% in the 4th quarter. Atomi Financial Group Inc. now owns 50,975 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 3,122 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of PIMCO Income Strategy Fund II by 2.8% during the 4th quarter. Private Trust Co. NA now owns 186,705 shares of the financial services provider’s stock worth $1,391,000 after buying an additional 5,045 shares during the period.

PIMCO Income Strategy Fund II Stock Performance

PFN traded up $0.02 during trading on Friday, reaching $7.58. 304,595 shares of the company’s stock were exchanged, compared to its average volume of 282,726. The company’s fifty day simple moving average is $7.50 and its 200-day simple moving average is $7.49. PIMCO Income Strategy Fund II has a 1 year low of $6.96 and a 1 year high of $7.76.

PIMCO Income Strategy Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be issued a $0.0718 dividend. This represents a $0.86 annualized dividend and a yield of 11.37%. The ex-dividend date of this dividend is Thursday, February 13th.

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.