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

PIMCO Income Strategy Fund II (NYSE:PFN) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 57,700 shares, a drop of 13.4% from the November 30th total of 66,600 shares. Based on an average daily trading volume, of 308,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On PIMCO Income Strategy Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of PFN. Stifel Financial Corp raised its stake in PIMCO Income Strategy Fund II by 23.2% in the 3rd quarter. Stifel Financial Corp now owns 94,524 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 17,773 shares in the last quarter. Raymond James & Associates grew its position in PIMCO Income Strategy Fund II by 2.2% during the second quarter. Raymond James & Associates now owns 288,464 shares of the financial services provider’s stock worth $2,068,000 after buying an additional 6,200 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in PIMCO Income Strategy Fund II by 81.0% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 44,325 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 19,836 shares during the period. Envestnet Asset Management Inc. raised its holdings in PIMCO Income Strategy Fund II by 17.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 315,258 shares of the financial services provider’s stock valued at $2,260,000 after acquiring an additional 46,693 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of PIMCO Income Strategy Fund II by 18.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 344,700 shares of the financial services provider’s stock valued at $2,472,000 after acquiring an additional 53,480 shares during the period.

PIMCO Income Strategy Fund II Stock Down 0.1 %

PIMCO Income Strategy Fund II stock opened at $7.43 on Tuesday. PIMCO Income Strategy Fund II has a 12 month low of $6.96 and a 12 month high of $7.76. The stock’s 50 day moving average is $7.49 and its 200-day moving average is $7.39.

PIMCO Income Strategy Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be given a dividend of $0.0718 per share. This represents a $0.86 annualized dividend and a yield of 11.60%. The ex-dividend date of this dividend is Thursday, December 12th.

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.