Saba Capital Management, L.P., a major shareholder in PIMCO Dynamic Income Strategy Fund (NYSE:PDX), reported a significant acquisition of common stock, according to a recent SEC filing. On December 17 and 18, the firm purchased a total of 26,121 shares, valued at approximately $654,710. The shares were acquired at prices ranging from $24.92 to $25.16 per share, near the fund's current trading price of $24.39. With a market capitalization of $1.11 billion and an attractive dividend yield of 5.57%, PDX has demonstrated strong performance, delivering a 26% return year-to-date. Following these transactions, Saba Capital now holds 6,808,213 shares of the fund. The transactions were filed under the name of Boaz Weinstein, a noted investor and key figure at Saba Capital. InvestingPro analysis reveals several additional insights about PDX's performance and valuation metrics, with multiple ProTips available for subscribers.
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