PIMCO Corporate & Income Strategy Fund Price & Performance (PCN)

Saba Capital Management recently sold 200 shares of PIMCO Dynamic Income Strategy Fund, which has dropped 12% in the past week and is trading near its 52-week low. Despite a 7.4% dividend yield, the fund’s sharp decline and insider selling signal continued volatility for investors.12

Pimco Access Income Fund shares fell nearly 1% to $15.30, prompting a downgrade from Hold/Accumulate to Sell Candidate. Despite recent gains, increased trading volume on a down day suggests growing risk, and the fund is expected to drop up to 7.8% over the next quarter.32

Several PIMCO closed-end funds, including PCN and PTY, maintain double-digit dividend yields above 10%. However, both funds have slipped below their 200-day moving averages, reflecting market challenges. Investors benefit from steady payouts, but ongoing price declines highlight potential risks in the current environment.452