Short Interest in PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Decreases By 16.2%

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) saw a significant drop in short interest in October. As of October 15th, there was short interest totalling 22,800 shares, a drop of 16.2% from the September 30th total of 27,200 shares. Based on an average daily volume of 57,000 shares, the days-to-cover ratio is currently 0.4 days.

PIMCO Dynamic Income Strategy Fund Stock Down 0.9 %

Shares of NYSE PDX traded down $0.20 during trading hours on Wednesday, reaching $23.00. The stock had a trading volume of 89,572 shares, compared to its average volume of 92,612. The business’s 50-day simple moving average is $23.42. PIMCO Dynamic Income Strategy Fund has a fifty-two week low of $18.70 and a fifty-two week high of $24.22.

PIMCO Dynamic Income Strategy Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be paid a dividend of $0.1133 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.36 annualized dividend and a dividend yield of 5.91%.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 46,501 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $23.51, for a total value of $1,093,238.51. Following the completion of the transaction, the insider now owns 6,274,923 shares in the company, valued at approximately $147,523,439.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 163,730 shares of company stock valued at $3,785,160.

Hedge Funds Weigh In On PIMCO Dynamic Income Strategy Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its stake in PIMCO Dynamic Income Strategy Fund by 10.5% during the 3rd quarter. Allworth Financial LP now owns 10,500 shares of the company’s stock valued at $248,000 after acquiring an additional 1,000 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of PIMCO Dynamic Income Strategy Fund by 7.5% during the third quarter. Cornerstone Wealth Management LLC now owns 14,840 shares of the company’s stock worth $350,000 after purchasing an additional 1,041 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of PIMCO Dynamic Income Strategy Fund by 13.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 17,965 shares of the company’s stock worth $424,000 after purchasing an additional 2,087 shares during the period. Blue Bell Private Wealth Management LLC purchased a new position in PIMCO Dynamic Income Strategy Fund in the 2nd quarter valued at $188,000. Finally, Commonwealth Equity Services LLC acquired a new position in PIMCO Dynamic Income Strategy Fund in the 2nd quarter valued at $264,000.