PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Sees Large Growth in Short Interest

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 16,300 shares, a growth of 69.8% from the January 31st total of 9,600 shares. Based on an average daily volume of 267,300 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. bought 731,721 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were bought at an average price of $27.60 per share, for a total transaction of $20,195,499.60. Following the acquisition, the insider now directly owns 7,541,934 shares of the company’s stock, valued at approximately $208,157,378.40. This trade represents a 10.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders acquired 756,836 shares of company stock worth $20,837,029 over the last quarter.

Institutional Trading of PIMCO Dynamic Income Strategy Fund

Several hedge funds and other institutional investors have recently modified their holdings of PDX. Saba Capital Management L.P. grew its stake in PIMCO Dynamic Income Strategy Fund by 8.5% in the fourth quarter. Saba Capital Management L.P. now owns 6,810,213 shares of the company’s stock valued at $177,951,000 after purchasing an additional 535,290 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of PIMCO Dynamic Income Strategy Fund by 605.6% during the 4th quarter. Wells Fargo & Company MN now owns 391,068 shares of the company’s stock worth $10,219,000 after purchasing an additional 335,644 shares in the last quarter. Walleye Capital LLC lifted its holdings in shares of PIMCO Dynamic Income Strategy Fund by 1,162.4% during the 4th quarter. Walleye Capital LLC now owns 272,714 shares of the company’s stock valued at $7,126,000 after buying an additional 251,111 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of PIMCO Dynamic Income Strategy Fund in the 3rd quarter valued at approximately $4,824,000. Finally, Harraden Circle Investments LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the fourth quarter worth approximately $2,939,000.

PIMCO Dynamic Income Strategy Fund Stock Performance

PDX traded down $0.44 on Monday, reaching $24.77. 111,074 shares of the company traded hands, compared to its average volume of 347,812. The stock’s 50 day moving average price is $26.57 and its 200-day moving average price is $25.10. PIMCO Dynamic Income Strategy Fund has a 52-week low of $20.08 and a 52-week high of $32.88.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 13th will be issued a dividend of $0.1334 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend is Thursday, February 13th.