Short Interest in PIMCO Dynamic Income Strategy Fund (NYSE:PDX) Decreases By 33.6%

PIMCO Dynamic Income Strategy Fund (NYSE:PDX) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 74,500 shares, a decrease of 33.6% from the November 30th total of 112,200 shares. Based on an average trading volume of 95,300 shares, the short-interest ratio is presently 0.8 days.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. bought 92,819 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was purchased at an average cost of $24.79 per share, with a total value of $2,300,983.01. Following the transaction, the insider now owns 6,364,181 shares in the company, valued at approximately $157,768,046.99. This trade represents a 1.48 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 234,588 shares of company stock valued at $5,980,743.

Institutional Investors Weigh In On PIMCO Dynamic Income Strategy Fund

Several hedge funds have recently made changes to their positions in PDX. Envestnet Asset Management Inc. bought a new stake in shares of PIMCO Dynamic Income Strategy Fund during the 2nd quarter valued at $15,509,000. Hollencrest Capital Management purchased a new position in shares of PIMCO Dynamic Income Strategy Fund during the second quarter valued at approximately $7,370,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of PIMCO Dynamic Income Strategy Fund in the 3rd quarter worth approximately $4,824,000. Choreo LLC bought a new position in PIMCO Dynamic Income Strategy Fund during the 2nd quarter valued at approximately $3,642,000. Finally, First Foundation Advisors purchased a new position in PIMCO Dynamic Income Strategy Fund during the second quarter valued at $1,385,000.

PIMCO Dynamic Income Strategy Fund Price Performance

PDX traded down $0.22 on Monday, hitting $26.23. The company had a trading volume of 98,577 shares, compared to its average volume of 98,039. The business has a fifty day simple moving average of $25.39. PIMCO Dynamic Income Strategy Fund has a 52-week low of $19.15 and a 52-week high of $27.32.

PIMCO Dynamic Income Strategy Fund Dividend Announcement

The company also recently announced a — dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 30th will be paid a $0.37 dividend. This represents a dividend yield of 5.4%. The ex-dividend date of this dividend is Monday, December 30th.