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

PIMCO Municipal Income Fund II (NYSE:PML) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 78,300 shares, a growth of 167.2% from the August 15th total of 29,300 shares. Based on an average daily volume of 164,600 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PML. Gridiron Partners LLC purchased a new position in PIMCO Municipal Income Fund II in the fourth quarter worth approximately $4,503,000. Hennion & Walsh Asset Management Inc. purchased a new position in PIMCO Municipal Income Fund II in the second quarter worth approximately $3,424,000. Cetera Investment Advisers grew its position in PIMCO Municipal Income Fund II by 375.7% in the first quarter. Cetera Investment Advisers now owns 199,905 shares of the investment management company’s stock worth $1,699,000 after acquiring an additional 157,882 shares during the period. Parallel Advisors LLC purchased a new position in shares of PIMCO Municipal Income Fund II during the second quarter worth $909,000. Finally, Weiss Asset Management LP purchased a new position in shares of PIMCO Municipal Income Fund II during the fourth quarter worth $699,000.

PIMCO Municipal Income Fund II Trading Up 0.9 %

PIMCO Municipal Income Fund II stock traded up $0.08 during mid-day trading on Thursday, hitting $9.22. The company’s stock had a trading volume of 281,712 shares, compared to its average volume of 175,327. PIMCO Municipal Income Fund II has a 1 year low of $6.92 and a 1 year high of $9.23. The stock’s fifty day moving average is $8.66 and its two-hundred day moving average is $8.51.

PIMCO Municipal Income Fund II Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.0395 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.47 annualized dividend and a yield of 5.14%.

PIMCO Municipal Income Fund II Company Profile

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.