PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) was the recipient of a significant growth in short interest in 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 volume of 137,400 shares, the short-interest ratio is presently 1.6 days.
PIMCO Strategic Income Fund Price Performance
NYSE:RCS remained flat at $5.69 during mid-day trading on Friday. 57,879 shares of the company traded hands, compared to its average volume of 136,895. PIMCO Strategic Income Fund has a 52-week low of $4.51 and a 52-week high of $6.31. The company has a fifty day simple moving average of $6.02 and a two-hundred day simple moving average of $5.80.
PIMCO Strategic Income Fund Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be given a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 10.76%. The ex-dividend date is Wednesday, April 10th.
Institutional Trading of PIMCO Strategic Income Fund
Several hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of PIMCO Strategic Income Fund by 47.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 816,568 shares of the investment management company's stock worth $4,973,000 after buying an additional 264,294 shares in the last quarter. LPL Financial LLC increased its holdings in shares of PIMCO Strategic Income Fund by 19.0% during the third quarter. LPL Financial LLC now owns 643,213 shares of the investment management company's stock worth $3,415,000 after buying an additional 102,907 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of PIMCO Strategic Income Fund during the fourth quarter worth approximately $2,583,000. Kestra Advisory Services LLC grew its stake in shares of PIMCO Strategic Income Fund by 51.0% during the third 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. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of PIMCO Strategic Income Fund by 5.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 156,757 shares of the investment management company's stock valued at $953,000 after purchasing an additional 8,437 shares during the last quarter. Institutional investors and hedge funds own 13.48% of the company's stock.
About PIMCO Strategic Income Fund
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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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