PIMCO Municipal Income Fund II (NYSE:PML) Short Interest Down 46.6% in August

PIMCO Municipal Income Fund II (NYSE:PML) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 109,512 shares, a drop of 46.6% from the August 15th total of 205,183 shares. Based on an average daily volume of 290,339 shares, the days-to-cover ratio is currently 0.4 days.

Insider Transactions at PIMCO Municipal Income Fund II

In other news, Director Sonya Morris purchased 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction on Tuesday, July 21st. The shares were purchased at an average cost of $7.50 per share, for a total transaction of $37,500.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $75,000. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

A number of hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC lifted its holdings in PIMCO Municipal Income Fund II by 5.4% during the 2nd quarter. Rivernorth Capital Management LLC now owns 4,482,914 shares of the investment management company’s stock worth $34,115,000 after buying an additional 231,386 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of PIMCO Municipal Income Fund II during the first quarter valued at $8,240,000. Bank of America Corp DE bought a new position in PIMCO Municipal Income Fund II in the second quarter valued at about $8,244,000. Wagner Wealth Management LLC increased its position in PIMCO Municipal Income Fund II by 11.2% in the first quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock worth $8,194,000 after purchasing an additional 108,907 shares during the period. Finally, Van ECK Associates Corp raised its holdings in PIMCO Municipal Income Fund II by 4.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,077,922 shares of the investment management company’s stock worth $8,203,000 after purchasing an additional 41,111 shares during the last quarter.

PIMCO Municipal Income Fund II Stock Up 2.3%

Shares of PML traded up $0.15 on Thursday, hitting $6.99. The company’s stock had a trading volume of 410,562 shares, compared to its average volume of 407,438. The company has a 50 day moving average price of $7.32 and a 200 day moving average price of $7.47. PIMCO Municipal Income Fund II has a fifty-two week low of $6.80 and a fifty-two week high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be issued a $0.0395 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, September 11th.

PIMCO Municipal Income Fund II Company Profile

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.