PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 46,700 shares, a growth of 228.9% from the February 13th total of 14,200 shares. Based on an average daily volume of 120,900 shares, the short-interest ratio is currently 0.4 days.
PIMCO Municipal Income Fund III Stock Performance
NYSE PMX opened at $7.25 on Friday. PIMCO Municipal Income Fund III has a twelve month low of $7.09 and a twelve month high of $8.52. The stock has a fifty day simple moving average of $7.37 and a 200 day simple moving average of $7.71.
PIMCO Municipal Income Fund III Announces Dividend
The business 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 $0.033 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 5.46%.
Institutional Trading of PIMCO Municipal Income Fund III
About PIMCO Municipal Income Fund III
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.
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