PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Sees Significant Drop in Short Interest

PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 7,600 shares, a drop of 96.0% from the March 15th total of 192,200 shares. Based on an average trading volume of 24,700 shares, the short-interest ratio is presently 0.3 days.

PIMCO Strategic Income Fund Price Performance

RCS stock traded down $0.08 during mid-day trading on Wednesday, hitting $5.98. 152,696 shares of the company were exchanged, compared to its average volume of 131,780. PIMCO Strategic Income Fund has a twelve month low of $4.51 and a twelve month high of $6.31. The firm has a fifty day simple moving average of $6.11 and a 200 day simple moving average of $5.76.

PIMCO Strategic Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Thursday, April 11th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 10.23%. The ex-dividend date is Wednesday, April 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc acquired a new position in shares of PIMCO Strategic Income Fund in the 4th quarter valued at about $2,583,000. LPL Financial LLC boosted its stake in PIMCO Strategic Income Fund by 19.0% during 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 period. Kestra Advisory Services LLC boosted its stake in PIMCO Strategic Income Fund by 51.0% during 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 period. Wagner Wealth Management LLC acquired a new position in PIMCO Strategic Income Fund during the 4th quarter valued at about $537,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in PIMCO Strategic Income Fund by 4.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 507,748 shares of the investment management company's stock valued at $2,696,000 after purchasing an additional 20,195 shares during the period. 13.48% of the stock is owned by institutional investors and hedge funds.

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.

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