Short Interest in PIMCO Municipal Income Fund II (NYSE:PML) Drops By 35.1%

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

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

A number of large investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC bought a new stake in shares of PIMCO Municipal Income Fund II during the fourth quarter worth $88,000. Permanent Capital Management LP purchased a new position in PIMCO Municipal Income Fund II during the 4th quarter worth $90,000. Wolverine Asset Management LLC bought a new stake in PIMCO Municipal Income Fund II during the 4th quarter valued at $92,000. Noble Wealth Management PBC purchased a new stake in shares of PIMCO Municipal Income Fund II in the 4th quarter worth $105,000. Finally, Citadel Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund II during the 4th quarter worth $114,000.

PIMCO Municipal Income Fund II Price Performance

Shares of PML stock traded up $0.01 during trading hours on Friday, reaching $8.05. 192,447 shares of the stock were exchanged, compared to its average volume of 202,303. PIMCO Municipal Income Fund II has a 12-month low of $7.94 and a 12-month high of $9.52. The company’s 50-day moving average price is $8.36 and its 200-day moving average price is $8.61.

PIMCO Municipal Income Fund II Dividend Announcement

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