Short Interest in PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Increases By 28.1%

PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 640,300 shares, an increase of 28.1% from the April 30th total of 499,700 shares. Based on an average daily volume of 134,200 shares, the short-interest ratio is presently 4.8 days. Currently, 1.4% of the company's shares are short sold.

PIMCO Strategic Income Fund Stock Up 2.1%

RCS traded up $0.14 during midday trading on Wednesday, hitting $6.75. 210,234 shares of the company were exchanged, compared to its average volume of 185,127. The firm's 50 day moving average price is $5.95 and its 200-day moving average price is $6.52. PIMCO Strategic Income Fund has a 1-year low of $5.25 and a 1-year high of $8.09.

PIMCO Strategic Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Thursday, June 12th will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Trading of PIMCO Strategic Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Bravias Capital Group LLC acquired a new position in shares of PIMCO Strategic Income Fund in the 4th quarter worth approximately $632,000. Raymond James Financial Inc. bought a new position in PIMCO Strategic Income Fund during the fourth quarter worth $442,000. Straight Path Wealth Management lifted its holdings in PIMCO Strategic Income Fund by 7.2% in the fourth quarter. Straight Path Wealth Management now owns 29,759 shares of the investment management company's stock valued at $227,000 after buying an additional 2,011 shares during the period. HighTower Advisors LLC bought a new stake in PIMCO Strategic Income Fund during the fourth quarter valued at $82,000. Finally, Balboa Wealth Partners grew its holdings in PIMCO Strategic Income Fund by 4.6% during the 4th quarter. Balboa Wealth Partners now owns 166,226 shares of the investment management company's stock worth $1,267,000 after acquiring an additional 7,330 shares during the period. 13.48% of the stock is currently owned by institutional investors.

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.