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

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the recipient of a significant decline in short interest in 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 short-interest ratio is presently 0.3 days.

PIMCO Dynamic Income Strategy Fund Stock Performance

PDX stock opened at $23.40 on Monday. PIMCO Dynamic Income Strategy Fund has a twelve month low of $16.89 and a twelve month high of $23.79. The business’s 50 day moving average is $22.82.

PIMCO Dynamic Income Strategy Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid 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 yield of 5.81%. The ex-dividend date is Friday, September 13th.

Insider Buying and Selling

In other PIMCO Dynamic Income Strategy Fund news, major shareholder Saba Capital Management, L.P. sold 23,159 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $22.49, for a total value of $520,845.91. Following the sale, the insider now directly owns 6,392,187 shares in the company, valued at $143,760,285.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 197,283 shares of company stock worth $4,524,737.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund during the second quarter worth about $15,509,000. Hollencrest Capital Management acquired a new position in PIMCO Dynamic Income Strategy Fund during the second quarter worth approximately $7,370,000. Choreo LLC purchased a new stake in PIMCO Dynamic Income Strategy Fund in the second quarter valued at approximately $3,642,000. First Foundation Advisors acquired a new stake in shares of PIMCO Dynamic Income Strategy Fund in the second quarter valued at approximately $1,385,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the second quarter worth approximately $1,177,000.