The PIMCO Income Strategy Fund (NYSE: PFL – Get Rating) saw a significant drop in short-term interest rates in April. As of April 15, there was a short interest rate totaling 140,800 shares, a decrease of 35.9% from the total of 219,800 shares as of March 31. Based on an average daily volume of 133,300 shares, the short-term interest rate is currently 1.1 days.
PFL shares traded lower by $ 0.05 during mid-Friday trading, reaching $ 9.70. The company had a trading volume of 51,953 shares, compared to its average volume of 141,130. The company has a 50-day simple moving average of $ 10.07 and a 200-day simple moving average of $ 10.56. The PIMCO Income Strategy Fund has a minimum of fifty-two weeks of $ 9.66 and a maximum of fifty-two weeks of $ 13.30.
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The business also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Shareholders registered on Monday, April 11 will receive a dividend of $ 0.0814. This represents a dividend of $ 0.98 on an annual basis and a yield of 10.07%. The ex-dividend date is Friday, April 8.
Hedge funds have recently bought and sold shares in the company. NewEdge Advisors LLC acquired a new stake in the PIMCO Income Strategy Fund in the fourth quarter of approximately $ 1,035,000. Kerntke Otto McGlone Wealth Management Group acquired a new stake in the PIMCO Income Strategy Fund in the fourth quarter of approximately $ 544,000. Millennium Management LLC acquired a new stake in the PIMCO Income Strategy Fund in the fourth quarter of approximately $ 444,000. Creative Planning increased its position in the PIMCO Income Strategy Fund by 28.3% in the third quarter. in the last quarter. Finally, F3Logic LLC increased its position in PIMCO Income Strategy Fund shares by 6.3% during quarter 4. F3Logic LLC now owns 624,665 shares of the investment management company worth $ 6,846,000, after which acquired another 37,289 shares in the last quarter.
About PIMCO Income Strategy Fund (Get Rating)
PIMCO Income Strategy Fund is a closed-end fixed income mutual fund, launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. Invest in fixed income markets around the world. The fund invests in a diversified portfolio of floating rate debt instruments with an average term of approximately three years.
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