PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Short Interest Update

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 27,200 shares, a drop of 28.6% from the September 15th total of 38,100 shares. Based on an average daily volume of 61,900 shares, the days-to-cover ratio is currently 0.4 days.

Insider Buying and Selling

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. bought 1,300 shares of PIMCO Dynamic Income Strategy Fund stock in a transaction dated Friday, July 26th. The shares were bought at an average price of $22.78 per share, with a total value of $29,614.00. Following the purchase, the insider now owns 6,466,172 shares of the company’s stock, valued at $147,299,398.16. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 174,638 shares of company stock worth $4,035,215 over the last three months.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new stake in PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth approximately $15,509,000. Commonwealth Equity Services LLC bought a new stake in PIMCO Dynamic Income Strategy Fund in the 2nd quarter valued at $264,000. Hollencrest Capital Management acquired a new position in PIMCO Dynamic Income Strategy Fund in the 2nd quarter worth $7,370,000. Choreo LLC bought a new position in PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth about $3,642,000. Finally, First Foundation Advisors acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund in the 2nd quarter valued at about $1,385,000.

PIMCO Dynamic Income Strategy Fund Stock Up 0.6 %

Shares of PIMCO Dynamic Income Strategy Fund stock traded up $0.15 during trading on Friday, reaching $23.73. 63,188 shares of the company were exchanged, compared to its average volume of 94,857. The business’s 50-day simple moving average is $23.15. PIMCO Dynamic Income Strategy Fund has a twelve month low of $18.55 and a twelve month high of $24.22.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a $0.1133 dividend. This represents a $1.36 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend is Friday, October 11th.