PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Trading Up 0.4% – What’s Next?

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) shares were up 0.4% during trading on Wednesday . The company traded as high as $21.00 and last traded at $20.9430. Approximately 98,717 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 142,356 shares. The stock had previously closed at $20.86.

PIMCO Dynamic Income Strategy Fund Stock Up 0.4%

The company has a fifty day moving average price of $21.14 and a two-hundred day moving average price of $20.72.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be issued a $0.1334 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Thursday, June 11th.

Insider Activity

In other PIMCO Dynamic Income Strategy Fund news, insider Daniel J. Ivascyn acquired 28,779 shares of the stock in a transaction dated Monday, April 27th. The shares were bought at an average price of $20.58 per share, with a total value of $592,271.82. Following the purchase, the insider directly owned 2,118,504 shares of the company’s stock, valued at approximately $43,598,812.32. This trade represents a 1.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Greg Elliot Sharenow acquired 13,046 shares of the stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of $21.66 per share, for a total transaction of $282,576.36. Following the purchase, the insider directly owned 39,331 shares in the company, valued at approximately $851,909.46. The trade was a 49.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 51,598 shares of company stock valued at $1,085,738.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PDX. Kestra Advisory Services LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the fourth quarter worth approximately $60,000. Lloyd Advisory Services LLC. acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund during the 4th quarter valued at $114,000. Susquehanna International Group LLP bought a new stake in shares of PIMCO Dynamic Income Strategy Fund during the 3rd quarter worth $255,000. Spirepoint Private Client LLC bought a new stake in shares of PIMCO Dynamic Income Strategy Fund during the 4th quarter worth $194,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of PIMCO Dynamic Income Strategy Fund in the 4th quarter worth $225,000.

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) is a diversified, closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO). Launched in 2011, the fund seeks to deliver high current income and capital appreciation by investing in a broad range of fixed income securities. As a closed-end vehicle, PDX trades on the NYSE and employs leverage to enhance its income potential, while adhering to its investment objective under varying market conditions.

The fund’s strategy centers on a flexible allocation among global debt markets, encompassing investment-grade and high-yield corporate bonds, U.S.