PIMCO Strategic Income Fund, Inc. (NYSE:RCS) Short Interest Update

PIMCO Strategic Income Fund, Inc. (NYSE:RCS - Get Free Report) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 669,800 shares, a decline of 20.5% from the December 15th total of 842,100 shares. Based on an average daily volume of 196,800 shares, the short-interest ratio is currently 3.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RCS. FSA Wealth Management LLC purchased a new position in PIMCO Strategic Income Fund in the third quarter valued at $108,000. Straight Path Wealth Management increased its holdings in PIMCO Strategic Income Fund by 17.1% in the second quarter. Straight Path Wealth Management now owns 27,436 shares of the investment management company's stock valued at $170,000 after buying an additional 4,014 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in PIMCO Strategic Income Fund in the second quarter valued at $189,000. Baker Avenue Asset Management LP purchased a new position in PIMCO Strategic Income Fund in the third quarter valued at $681,000. Finally, Cetera Investment Advisers increased its holdings in PIMCO Strategic Income Fund by 35.4% in the second quarter. Cetera Investment Advisers now owns 194,417 shares of the investment management company's stock valued at $1,207,000 after buying an additional 50,837 shares in the last quarter. Hedge funds and other institutional investors own 13.48% of the company's stock.

PIMCO Strategic Income Fund Trading Up 0.5 %

NYSE RCS traded up $0.03 on Wednesday, reaching $6.37. 185,972 shares of the company's stock traded hands, compared to its average volume of 507,630. PIMCO Strategic Income Fund has a fifty-two week low of $5.54 and a fifty-two week high of $8.09. The stock has a 50 day moving average price of $7.45 and a 200-day moving average price of $7.22.

PIMCO Strategic Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.48 dividend on an annualized basis and a yield of 7.54%.

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.