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

PIMCO Municipal Income Fund II (NYSE:PML – Get Rating) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 17,900 shares, an increase of 115.7% from the March 31st total of 8,300 shares. Based on an average daily trading volume, of 200,700 shares, the days-to-cover ratio is presently 0.1 days.

Shares of PML opened at $10.90 on Friday. PIMCO Municipal Income Fund II has a twelve month low of $10.52 and a twelve month high of $15.33. The company has a 50 day moving average of $11.71 and a two-hundred day moving average of $13.34.

The company also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Shareholders of record on Monday, April 11th will be paid a $0.059 dividend. The ex-dividend date is Friday, April 8th. This represents a $0.71 annualized dividend and a yield of 6.50%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BerganKDV Wealth Management LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the third quarter worth $43,000. Laurel Wealth Planning LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the first quarter worth $35,000. First PREMIER Bank acquired a new stake in shares of PIMCO Municipal Income Fund II during the first quarter worth $40,000. Asset Dedication LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the first quarter worth $47,000. Finally, Lindbrook Capital LLC lifted its stake in shares of PIMCO Municipal Income Fund II by 783.1% during the first quarter. Lindbrook Capital LLC now owns 4,645 shares of the investment management company’s stock worth $53,000 after buying an additional 4,119 shares during the period.

About PIMCO Municipal Income Fund II (Get Rating)

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.

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