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

PIMCO Municipal Income Fund II (NYSE:PML) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 129,300 shares, a decline of 27.3% from the March 15th total of 177,900 shares. Based on an average daily volume of 205,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of PIMCO Municipal Income Fund II

Hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. grew its position in PIMCO Municipal Income Fund II by 89.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,231,738 shares of the investment management company’s stock worth $9,965,000 after acquiring an additional 580,662 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of PIMCO Municipal Income Fund II by 88.0% in the fourth quarter. Guggenheim Capital LLC now owns 711,202 shares of the investment management company’s stock worth $5,754,000 after purchasing an additional 332,807 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of PIMCO Municipal Income Fund II in the first quarter worth approximately $1,534,000. Raymond James Financial Inc. purchased a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth $1,474,000. Finally, NINE MASTS CAPITAL Ltd raised its holdings in PIMCO Municipal Income Fund II by 247.6% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 236,872 shares of the investment management company’s stock valued at $1,916,000 after buying an additional 168,736 shares during the last quarter.

PIMCO Municipal Income Fund II Price Performance

Shares of NYSE:PML opened at $7.52 on Friday. The company’s fifty day moving average price is $8.13 and its 200-day moving average price is $8.45. PIMCO Municipal Income Fund II has a one year low of $7.12 and a one year high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be paid a $0.0395 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 6.31%.

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.