Short Interest in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Grows By 64.3%

PIMCO Strategic Income Fund, Inc. (NYSE:RCS) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 222,000 shares, a growth of 64.3% from the March 31st total of 135,100 shares. Based on an average daily trading volume, of 137,400 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of PIMCO Strategic Income Fund

Several institutional investors have recently modified their holdings of RCS. IFP Advisors Inc purchased a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at $2,583,000. LPL Financial LLC raised its position in PIMCO Strategic Income Fund by 19.0% in the 3rd quarter. LPL Financial LLC now owns 643,213 shares of the investment management company’s stock valued at $3,415,000 after purchasing an additional 102,907 shares during the last quarter. Kestra Advisory Services LLC raised its position in PIMCO Strategic Income Fund by 51.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 315,261 shares of the investment management company’s stock valued at $1,674,000 after purchasing an additional 106,524 shares during the last quarter. Wagner Wealth Management LLC purchased a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at $537,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in PIMCO Strategic Income Fund by 12.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 44,462 shares of the investment management company’s stock valued at $270,000 after purchasing an additional 4,920 shares during the last quarter. Hedge funds and other institutional investors own 13.48% of the company’s stock.

PIMCO Strategic Income Fund Stock Up 1.1 %

Shares of NYSE:RCS traded up $0.06 during trading on Monday, hitting $5.75. 52,789 shares of the company were exchanged, compared to its average volume of 135,964. PIMCO Strategic Income Fund has a 12-month low of $4.51 and a 12-month high of $6.31. The firm’s 50 day moving average price is $6.01 and its 200-day moving average price is $5.81.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be given a dividend of $0.051 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.61 annualized dividend and a dividend yield of 10.64%.

About PIMCO Strategic Income Fund

PIMCO Strategic Global Government Fund, Inc is a closed-ended 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. It invests in fixed income markets across the globe. The fund primarily invests in government securities, including bonds issued or guaranteed by the United States or foreign governments, by their agencies, authorities or instrumentalities, or by supranational entities.