PIMCO Municipal Income Fund II (NYSE:PML) Sees Large Increase in Short Interest

PIMCO Municipal Income Fund II (NYSE:PML) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 231,787 shares, an increase of 111.7% from the August 31st total of 109,512 shares. Based on an average daily trading volume, of 492,999 shares, the days-to-cover ratio is currently 0.5 days.

Insider Transactions at PIMCO Municipal Income Fund II

In related news, Director Sonya Morris acquired 5,000 shares of the stock in a transaction on Tuesday, July 21st. The shares were acquired at an average price of $7.50 per share, with a total value of $37,500.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at approximately $75,000. The trade was a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Large investors have recently modified their holdings of the business. CWC Advisors LLC. bought a new position in PIMCO Municipal Income Fund II in the 1st quarter worth approximately $81,000. Palogic Value Management L.P. purchased a new stake in shares of PIMCO Municipal Income Fund II during the second quarter worth $87,000. Greenspring Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth $102,000. Wealth Effects LLC bought a new position in shares of PIMCO Municipal Income Fund II in the first quarter worth $114,000. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new position in shares of PIMCO Municipal Income Fund II in the first quarter valued at $117,000.

PIMCO Municipal Income Fund II Price Performance

NYSE PML traded down $0.04 on Tuesday, hitting $6.46. 997,683 shares of the stock traded hands, compared to its average volume of 434,680. The business’s fifty day moving average is $7.19 and its two-hundred day moving average is $7.41. PIMCO Municipal Income Fund II has a 12 month low of $6.40 and a 12 month high of $8.01.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be issued a dividend of $0.0395 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.47 annualized dividend and a yield of 7.3%.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide current income that is exempt from federal income tax. The fund is managed by Pacific Investment Management Company LLC (PIMCO), an investment management firm specializing in fixed-income and other asset classes.

PML primarily invests in municipal bonds and other municipal securities issued by states, territories, and local governments in the United States, as well as related public authorities and governmental entities.