PIMCO Municipal Income Fund II (NYSE:PML) Short Interest Up 591.6% in April

PIMCO Municipal Income Fund II (NYSE:PMLGet Rating) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 123,800 shares, an increase of 591.6% from the April 15th total of 17,900 shares. Based on an average daily volume of 209,300 shares, the days-to-cover ratio is currently 0.6 days.

Several large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its holdings in shares of PIMCO Municipal Income Fund II by 3.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,490 shares of the investment management company’s stock valued at $299,000 after purchasing an additional 737 shares in the last quarter. Stifel Financial Corp grew its stake in PIMCO Municipal Income Fund II by 4.0% in the 4th quarter. Stifel Financial Corp now owns 21,418 shares of the investment management company’s stock valued at $313,000 after acquiring an additional 828 shares during the period. CoreCap Advisors LLC grew its stake in PIMCO Municipal Income Fund II by 9.6% in the 1st quarter. CoreCap Advisors LLC now owns 12,660 shares of the investment management company’s stock valued at $146,000 after acquiring an additional 1,110 shares during the period. Fifth Third Bancorp grew its stake in PIMCO Municipal Income Fund II by 2.4% in the 1st quarter. Fifth Third Bancorp now owns 66,115 shares of the investment management company’s stock valued at $760,000 after acquiring an additional 1,521 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in PIMCO Municipal Income Fund II by 10.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,706 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 1,719 shares during the period.

NYSE:PML opened at $10.67 on Thursday. The company has a 50 day moving average price of $11.30 and a 200-day moving average price of $13.09. PIMCO Municipal Income Fund II has a 1-year low of $10.52 and a 1-year high of $15.33.

The company also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Thursday, May 12th will be issued a dividend of $0.059 per share. This represents a $0.71 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Wednesday, May 11th.

PIMCO Municipal Income Fund II Company Profile (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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