NEW YORKâSaba Capital Management, L.P., a significant stakeholder in PIMCO Dynamic Income Strategy Fund (NYSE:PDX), recently acquired 400 shares of the fund’s common stock. The transaction, executed on December 2, 2024, was completed at a price of $26.91 per share, amounting to a total purchase value of $10,764. The fund, currently valued at $1.2 billion, offers investors an attractive 5.04% dividend yield and trades at a P/E ratio of 4.19. Following this acquisition, Saba Capital holds approximately 6,774,109 shares in the fund. This move reflects the ongoing investment strategies by Saba Capital, led by Boaz Weinstein, who maintains a substantial ownership stake in the fund. According to InvestingPro analysis, PDX is trading near its 52-week high of $27.32, with technical indicators suggesting overbought conditions. Investors seeking detailed technical analysis and additional insights can access 8 more exclusive ProTips on InvestingPro.
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