Saba capital management sells PIMCO dynamic income strategy fund shares worth over $68k By Investing.com
Saba Capital Management, L.P., a significant shareholder of PIMCO Dynamic Income Strategy Fund (NYSE:PDX), has sold a portion of its holdings in the fund. On October 7, 2024, the investment firm sold 2,850 shares at a price of $24.15 per share, amounting to a total transaction value of $68,827.50.
This sale has adjusted Saba Capital Management’s remaining stake in the PIMCO Dynamic Income Strategy Fund to 6,272,073 shares. It’s important to note that these transactions were indirect, as they are often carried out through a related entity or investment vehicle rather than by the reporting owner directly.
Investors and market watchers typically monitor such sales by significant shareholders to gauge sentiment and potential shifts in a…
