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

PIMCO Income Strategy Fund II (NYSE:PFN – Get Rating) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 11,700 shares, a decline of 45.6% from the April 30th total of 21,500 shares. Based on an average daily volume of 198,400 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GeoWealth Management LLC lifted its holdings in PIMCO Income Strategy Fund II by 12.8% during the fourth quarter. GeoWealth Management LLC now owns 12,575 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 1,425 shares in the last quarter. Royal Bank of Canada raised its position in shares of PIMCO Income Strategy Fund II by 0.6% in the third quarter. Royal Bank of Canada now owns 257,803 shares of the financial services provider’s stock valued at $1,781,000 after buying an additional 1,469 shares during the last quarter. Cetera Investment Advisers raised its position in shares of PIMCO Income Strategy Fund II by 10.6% in the first quarter. Cetera Investment Advisers now owns 15,455 shares of the financial services provider’s stock valued at $134,000 after buying an additional 1,478 shares during the last quarter. Spire Wealth Management raised its position in shares of PIMCO Income Strategy Fund II by 42.7% in the first quarter. Spire Wealth Management now owns 5,068 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,516 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its position in shares of PIMCO Income Strategy Fund II by 2.9% in the first quarter. Clear Creek Financial Management LLC now owns 69,820 shares of the financial services provider’s stock valued at $501,000 after buying an additional 1,938 shares during the last quarter.

PIMCO Income Strategy Fund II Price Performance

PIMCO Income Strategy Fund II stock opened at $6.85 on Friday. PIMCO Income Strategy Fund II has a 1 year low of $6.73 and a 1 year high of $8.44. The firm has a 50-day moving average of $7.04 and a two-hundred day moving average of $7.32.

PIMCO Income Strategy Fund II Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 11th will be issued a $0.072 dividend. This is an increase from PIMCO Income Strategy Fund II’s previous monthly dividend of $0.07. This represents a $0.86 annualized dividend and a dividend yield of 12.61%. The ex-dividend date is Wednesday, May 10th.

About PIMCO Income Strategy Fund II

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PIMCO Income Strategy Fund II operates as a closed end investment trust. It engages in the provision of current income, consistent with the preservation of capital. The company was founded on October 29, 2004 and is headquartered in New York, NY.