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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 31,100 shares, a growth of 740.5% from the February 28th total of 3,700 shares. Based on an average trading volume of 256,100 shares, the short-interest ratio is presently 0.1 days.

PIMCO Dynamic Income Strategy Fund Stock Performance

Shares of NYSE:PDX remained flat at $24.18 during midday trading on Wednesday. 58,263 shares of the stock were exchanged, compared to its average volume of 127,647. The business has a 50 day moving average price of $25.43 and a 200 day moving average price of $25.20. PIMCO Dynamic Income Strategy Fund has a one year low of $20.53 and a one year high of $32.88.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.1334 per share. This represents a $1.60 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date of this dividend is Thursday, March 13th.

Insider Activity at PIMCO Dynamic Income Strategy Fund

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. purchased 731,721 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were purchased at an average price of $27.60 per share, for a total transaction of $20,195,499.60. Following the completion of the purchase, the insider now directly owns 7,541,934 shares of the company’s stock, valued at approximately $208,157,378.40. This represents a 10.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

A number of institutional investors have recently added to or reduced their stakes in PDX. First Trust Advisors LP lifted its position in shares of PIMCO Dynamic Income Strategy Fund by 2.1% during the 4th quarter. First Trust Advisors LP now owns 47,437 shares of the company’s stock worth $1,240,000 after buying an additional 993 shares during the period. Continuum Advisory LLC acquired a new position in PIMCO Dynamic Income Strategy Fund during the fourth quarter worth $26,000. HighTower Advisors LLC lifted its holdings in shares of PIMCO Dynamic Income Strategy Fund by 3.0% during the third quarter. HighTower Advisors LLC now owns 56,482 shares of the company’s stock valued at $1,337,000 after acquiring an additional 1,644 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of PIMCO Dynamic Income Strategy Fund by 11.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,575 shares of the company’s stock valued at $433,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of PIMCO Dynamic Income Strategy Fund by 27.3% in the 4th quarter. Spire Wealth Management now owns 10,117 shares of the company’s stock valued at $264,000 after purchasing an additional 2,170 shares in the last quarter.