PIMCO Municipal Income Fund III (NYSE:PMX) Short Interest Update

PIMCO Municipal Income Fund III (NYSE:PMX) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 37,000 shares, a decrease of 20.8% from the February 28th total of 46,700 shares. Based on an average daily volume of 112,100 shares, the days-to-cover ratio is currently 0.3 days.

PIMCO Municipal Income Fund III Trading Up 0.8 %

Shares of PMX stock traded up $0.06 during trading on Tuesday, reaching $7.22. The company’s stock had a trading volume of 110,455 shares, compared to its average volume of 102,807. PIMCO Municipal Income Fund III has a 1-year low of $7.07 and a 1-year high of $8.52. The stock’s 50-day moving average price is $7.35 and its 200 day moving average price is $7.63.

PIMCO Municipal Income Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a dividend of $0.033 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.49%.

Institutional Investors Weigh In On PIMCO Municipal Income Fund III

Several institutional investors have recently modified their holdings of PMX. Integrated Capital Management Inc. boosted its holdings in PIMCO Municipal Income Fund III by 7.8% in the fourth quarter. Integrated Capital Management Inc. now owns 25,387 shares of the investment management company’s stock valued at $187,000 after purchasing an additional 1,841 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of PIMCO Municipal Income Fund III by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 41,156 shares of the investment management company’s stock valued at $303,000 after buying an additional 2,848 shares in the last quarter. Ellis Investment Partners LLC grew its position in shares of PIMCO Municipal Income Fund III by 29.5% in the 4th quarter. Ellis Investment Partners LLC now owns 12,954 shares of the investment management company’s stock valued at $95,000 after buying an additional 2,954 shares during the last quarter. NewEdge Advisors LLC lifted its position in PIMCO Municipal Income Fund III by 7.0% in the fourth quarter. NewEdge Advisors LLC now owns 48,791 shares of the investment management company’s stock valued at $359,000 after acquiring an additional 3,188 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in PIMCO Municipal Income Fund III by 3.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 137,326 shares of the investment management company’s stock valued at $1,011,000 after acquiring an additional 4,097 shares in the last quarter.

PIMCO Municipal Income Fund III Company Profile

PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.