PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Up 125.0% in June

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 361,420 shares, an increase of 125.0% from the June 15th total of 160,597 shares. Based on an average daily trading volume, of 397,540 shares, the days-to-cover ratio is presently 0.9 days.

PIMCO Income Strategy Fund II Trading Up 0.5%

Shares of NYSE:PFN opened at $7.09 on Wednesday. The business’s 50-day simple moving average is $6.95 and its 200 day simple moving average is $7.11. PIMCO Income Strategy Fund II has a one year low of $6.53 and a one year high of $7.67.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be given a $0.0718 dividend. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) annualized dividend and a yield of 12.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PFN. Steward Partners Investment Advisory LLC boosted its stake in shares of PIMCO Income Strategy Fund II by 39,179.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,479,247 shares of the financial services provider’s stock valued at $11,094,000 after purchasing an additional 1,475,481 shares during the period. LPL Financial LLC grew its holdings in PIMCO Income Strategy Fund II by 0.6% during the 4th quarter. LPL Financial LLC now owns 1,314,714 shares of the financial services provider’s stock valued at $9,860,000 after purchasing an additional 7,692 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in PIMCO Income Strategy Fund II by 0.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065,739 shares of the financial services provider’s stock worth $7,993,000 after buying an additional 6,573 shares during the period. Ameriprise Financial Inc. increased its stake in PIMCO Income Strategy Fund II by 17.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 889,980 shares of the financial services provider’s stock worth $6,717,000 after buying an additional 131,851 shares during the period. Finally, Rivernorth Capital Management LLC lifted its holdings in PIMCO Income Strategy Fund II by 4.3% in the 1st quarter. Rivernorth Capital Management LLC now owns 838,080 shares of the financial services provider’s stock worth $5,774,000 after buying an additional 34,573 shares in the last quarter.

PIMCO Income Strategy Fund II Company Profile

PIMCO Income Strategy Fund II (NYSE: PFN) is a closed-end management investment company that seeks to provide high current income by investing principally in a diversified portfolio of credit instruments. The fund’s assets are allocated across a range of fixed income sectors, including corporate debt, asset- and mortgage-backed securities, emerging market debt, and other income-producing instruments, both in the U.S. and international markets.

The fund employs a flexible investment approach designed by PIMCO’s portfolio management team, incorporating the use of leverage and derivatives to enhance yield and manage duration risk.