PIMCO Municipal Income Fund II (NYSE:PML) Short Interest Update

PIMCO Municipal Income Fund II (NYSE:PML) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 177,900 shares, a drop of 35.1% from the February 28th total of 274,000 shares. Based on an average daily volume of 241,800 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

A number of institutional investors have recently modified their holdings of PML. Kingsview Wealth Management LLC acquired a new stake in PIMCO Municipal Income Fund II in the 4th quarter worth about $88,000. Permanent Capital Management LP bought a new position in shares of PIMCO Municipal Income Fund II during the fourth quarter worth approximately $90,000. Wolverine Asset Management LLC acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter valued at approximately $92,000. Noble Wealth Management PBC acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter valued at approximately $105,000. Finally, Citadel Advisors LLC bought a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter valued at approximately $114,000.

PIMCO Municipal Income Fund II Stock Performance

NYSE:PML traded up $0.01 during mid-day trading on Friday, hitting $8.05. 192,447 shares of the stock were exchanged, compared to its average volume of 202,303. The firm’s 50-day simple moving average is $8.36 and its 200 day simple moving average is $8.62. PIMCO Municipal Income Fund II has a fifty-two week low of $7.94 and a fifty-two week high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.0395 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Thursday, March 13th.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.