Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
In a recent transaction involving the PIMCO Dynamic Income Strategy Fund (NYSE:PDX), a $962 million closed-end fund currently trading near its 52-week low at $20.65, Saba Capital Management, L.P. executed a sale of 200 shares of common stock. The shares were sold at a price of $24.32 each, amounting to a total transaction value of $4,864. Following this transaction, Saba Capital Management, which is a significant stakeholder, holds approximately 7,527,897 shares indirectly. The fund, which offers a notable 7.4% dividend yield, has experienced a sharp 12% decline over the past week. InvestingPro analysis reveals 7 additional key insights about PDX's performance and valuation metrics. The transaction was signed off by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein.
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