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

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

Hedge Funds Weigh In On PIMCO Municipal Income Fund III

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in PIMCO Municipal Income Fund III during the fourth quarter worth about $67,000. Two Sigma Securities LLC bought a new stake in PIMCO Municipal Income Fund III in the 4th quarter valued at $80,000. Citadel Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the fourth quarter worth about $80,000. Logan Stone Capital LLC acquired a new position in PIMCO Municipal Income Fund III during the 4th quarter worth approximately $87,000. Finally, Permanent Capital Management LP acquired a new position in PIMCO Municipal Income Fund III during the fourth quarter worth $92,000.

PIMCO Municipal Income Fund III Stock Up 0.4 %

Shares of PIMCO Municipal Income Fund III stock opened at $7.10 on Monday. The business has a fifty day simple moving average of $7.35 and a 200 day simple moving average of $7.65. PIMCO Municipal Income Fund III has a 12 month low of $7.07 and a 12 month high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Thursday, March 13th.

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.