PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 125,400 shares, a growth of 69.7% from the March 31st total of 73,900 shares. Based on an average trading volume of 102,700 shares, the days-to-cover ratio is presently 1.2 days.
PIMCO Municipal Income Fund III Stock Up 0.1 %
Shares of NYSE:PMX opened at $7.52 on Friday. PIMCO Municipal Income Fund III has a 1-year low of $6.09 and a 1-year high of $8.22. The firm’s 50 day simple moving average is $7.48 and its two-hundred day simple moving average is $7.26.
PIMCO Municipal Income Fund III Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be paid a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Wednesday, April 10th.
Institutional Investors Weigh In On PIMCO Municipal Income Fund III
PIMCO Municipal Income Fund III Company Profile
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.
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