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

Key Points

• Short interest fell 14.5% to 427,674 shares as of Feb. 27, leaving a days-to-cover ratio of about 3.2 and roughly 0.9% of shares shorted.
• PIMCO Strategic Income Fund declared a monthly dividend of $0.04 payable April 1 (record/ex-dividend date March 12), implying an annualized yield of about 8.8%.
• The stock opened at $5.48, trading in a 52-week range of $5.25–$8.00 with a 50-day moving average of $5.87 and a 200-day moving average of $6.62.

PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 427,674 shares, a decrease of 14.5% from the February 12th total of 500,116 shares. Based on an average trading volume of 132,566 shares, the days-to-cover ratio is presently 3.2 days. Approximately 0.9% of the company's shares are short sold. Approximately 0.9% of the company's shares are short sold. Based on an average trading volume of 132,566 shares, the days-to-cover ratio is presently 3.2 days.

PIMCO Strategic Income Fund Stock Down 0.5%

NYSE RCS opened at $5.48 on Monday. PIMCO Strategic Income Fund has a one year low of $5.25 and a one year high of $8.00. The stock's 50-day moving average is $5.87 and its 200-day moving average is $6.62.

PIMCO Strategic Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

Institutional Investors Weigh In On PIMCO Strategic Income Fund

Several large investors have recently made changes to their positions in RCS. Virtu Financial LLC bought a new stake in PIMCO Strategic Income Fund in the 4th quarter valued at $121,000. XTX Topco Ltd acquired a new stake in shares of PIMCO Strategic Income Fund in the 4th quarter valued at about $137,000. Equitable Holdings Inc. raised its stake in shares of PIMCO Strategic Income Fund by 10.2% in the 4th quarter. Equitable Holdings Inc. now owns 41,843 shares of the investment management company's stock valued at $233,000 after purchasing an additional 3,888 shares during the period. Mariner LLC lifted its holdings in shares of PIMCO Strategic Income Fund by 274.0% in the fourth quarter. Mariner LLC now owns 60,284 shares of the investment management company's stock valued at $336,000 after purchasing an additional 44,166 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of PIMCO Strategic Income Fund by 68.4% in the fourth quarter. Kestra Advisory Services LLC now owns 71,847 shares of the investment management company's stock valued at $400,000 after purchasing an additional 29,193 shares in the last quarter. Institutional investors own 13.48% of the company's stock.

PIMCO Strategic Income Fund Company Profile

PIMCO Strategic Income Fund NYSE: RCS is a closed-end management investment company that seeks to deliver current income and capital appreciation by investing in a diversified portfolio of fixed income instruments. The fund is managed by Pacific Investment Management Company LLC (PIMCO), one of the world's leading fixed income investment managers, and leverages PIMCO's global research and risk-management platform to allocate across various credit sectors and interest rate environments.

The fund's investment strategy is multi-sector and flexible, allowing the portfolio management team to adjust exposures among government securities, corporate bonds, asset-backed and mortgage-backed securities, high-yield debt, and emerging market instruments.

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