Short Interest in PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Declines By 21.5%

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 20,500 shares, a decline of 21.5% from the August 15th total of 26,100 shares. Based on an average daily volume of 73,800 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Dynamic Income Strategy Fund Price Performance

NYSE:PDX opened at $23.40 on Monday. PIMCO Dynamic Income Strategy Fund has a fifty-two week low of $16.89 and a fifty-two week high of $23.79. The business’s 50 day moving average is $22.82.

PIMCO Dynamic Income Strategy Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.1133 per share. This is a positive change from PIMCO Dynamic Income Strategy Fund’s previous monthly dividend of $0.11. This represents a $1.36 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Friday, September 13th.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 71,996 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $22.94, for a total transaction of $1,651,588.24. Following the completion of the transaction, the insider now directly owns 6,534,822 shares in the company, valued at approximately $149,908,816.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 197,283 shares of company stock valued at $4,524,737 in the last quarter.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

A number of institutional investors have recently modified their holdings of the company. Country Trust Bank purchased a new position in PIMCO Dynamic Income Strategy Fund during the 2nd quarter valued at about $1,041,000. Williams & Novak LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth approximately $280,000. Dynamic Advisor Solutions LLC acquired a new stake in PIMCO Dynamic Income Strategy Fund during the 2nd quarter worth approximately $293,000. Wealth Enhancement Advisory Services LLC purchased a new position in PIMCO Dynamic Income Strategy Fund in the 2nd quarter valued at approximately $426,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of PIMCO Dynamic Income Strategy Fund in the second quarter worth $354,000.