PIMCO Municipal Income Fund II (NYSE:PML) Sees Significant Decrease in Short Interest

PIMCO Municipal Income Fund II (NYSE:PML) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 40,254 shares, a decrease of 48.2% from the December 31st total of 77,680 shares. Based on an average daily volume of 328,529 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 328,529 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Institutional investors and hedge funds have recently modified their holdings of the company. Asset Dedication LLC purchased a new stake in PIMCO Municipal Income Fund II during the fourth quarter worth approximately $26,000. Comerica Bank grew its position in PIMCO Municipal Income Fund II by 49.7% during the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,446 shares during the last quarter. Global Wealth Strategies & Associates grew its holdings in shares of PIMCO Municipal Income Fund II by 106.1% during the fourth quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock worth $41,000 after buying an additional 2,813 shares during the last quarter. US Bancorp DE purchased a new position in shares of PIMCO Municipal Income Fund II in the 3rd quarter valued at approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in PIMCO Municipal Income Fund II in the 3rd quarter valued at $58,000.

PIMCO Municipal Income Fund II Trading Up 0.5%

PIMCO Municipal Income Fund II stock opened at $7.70 on Friday. PIMCO Municipal Income Fund II has a 52-week low of $7.10 and a 52-week high of $8.67. The company’s 50 day moving average is $7.61 and its two-hundred day moving average is $7.59.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be paid a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, January 13th.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.