NEW YORK—Saba Capital Management, L.P., a significant stakeholder in PIMCO Dynamic Income Strategy Fund (NYSE:PDX), has increased its holdings in the company. The fund, currently valued at $1.19 billion with a notable 5.11% dividend yield, has shown remarkable performance with a 40.97% return over the past year. According to a recent SEC filing, Saba Capital acquired a total of 7,983 shares over two consecutive days, amounting to a transaction value of $211,357.
The purchases took place on December 5 and 6, with the stock prices ranging from $26.47 to $26.55 per share. Following these transactions, Saba Capital's total ownership in the fund rose to 6,782,092 shares. InvestingPro analysis indicates the stock is trading near its 52-week high of $27.32, with several additional bullish indicators available to subscribers.
Boaz Weinstein, associated with Saba Capital, also participated in the filing. Both Saba Capital and Weinstein are recognized as ten percent owners of the fund. The transactions reflect continued investor interest in PIMCO Dynamic Income Strategy Fund, known for its focus on generating income through a diversified portfolio of fixed-income investments, currently trading at an attractive P/E ratio of 4.19.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.