PIMCO Income Strategy Fund II (NYSE:PFN) Short Interest Down 22.3% in April

PIMCO Income Strategy Fund II (NYSE:PFN) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 52,700 shares, a decrease of 22.3% from the March 31st total of 67,800 shares. Based on an average daily volume of 286,800 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On PIMCO Income Strategy Fund II

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Clear Creek Financial Management LLC boosted its position in shares of PIMCO Income Strategy Fund II by 13.3% during the 1st quarter. Clear Creek Financial Management LLC now owns 79,892 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 9,374 shares in the last quarter. LifePro Asset Management bought a new position in PIMCO Income Strategy Fund II in the 1st quarter valued at about $600,000. Smith Chas P & Associates PA Cpas bought a new position in PIMCO Income Strategy Fund II in the 1st quarter valued at about $283,000. Private Trust Co. NA lifted its position in PIMCO Income Strategy Fund II by 11.2% in the 1st quarter. Private Trust Co. NA now owns 103,846 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 10,464 shares in the last quarter. Finally, PFG Investments LLC bought a new position in PIMCO Income Strategy Fund II in the 1st quarter valued at about $2,811,000.

PIMCO Income Strategy Fund II Stock Performance

PFN traded up $0.04 during trading on Friday, reaching $7.22. 98,207 shares of the stock traded hands, compared to its average volume of 309,953. The stock’s 50-day moving average is $7.35 and its 200 day moving average is $7.12. PIMCO Income Strategy Fund II has a 12 month low of $5.93 and a 12 month high of $7.58.

PIMCO Income Strategy Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be given a dividend of $0.0718 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.86 dividend on an annualized basis and a yield of 11.93%.

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.