PIMCO Municipal Income Fund (NYSE:PMF) Short Interest Update

PIMCO Municipal Income Fund (NYSE:PMF) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 21,500 shares, a decline of 75.7% from the March 31st total of 88,300 shares. Based on an average trading volume of 86,200 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at PIMCO Municipal Income Fund

In other news, major shareholder Of America Corp /De/ Bank purchased 24,110 shares of the stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $9.02 per share, for a total transaction of $217,472.20. Following the completion of the transaction, the insider now owns 24,110 shares of the company’s stock, valued at approximately $217,472.20. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 25,505 shares of company stock worth $230,140 over the last ninety days.

Institutional Trading of PIMCO Municipal Income Fund

Several large investors have recently added to or reduced their stakes in PMF. Elequin Capital LP bought a new position in shares of PIMCO Municipal Income Fund in the fourth quarter worth $31,000. Citadel Advisors LLC acquired a new position in PIMCO Municipal Income Fund during the 4th quarter valued at about $99,000. Raymond James Financial Inc. bought a new stake in shares of PIMCO Municipal Income Fund during the 4th quarter worth about $185,000. Uniting Wealth Partners LLC acquired a new stake in shares of PIMCO Municipal Income Fund in the 4th quarter worth approximately $188,000. Finally, Virtu Financial LLC bought a new position in shares of PIMCO Municipal Income Fund in the fourth quarter valued at approximately $226,000.

PIMCO Municipal Income Fund Stock Performance

NYSE PMF opened at $7.93 on Friday. The company has a 50-day moving average price of $8.68 and a two-hundred day moving average price of $9.13. PIMCO Municipal Income Fund has a 52 week low of $7.58 and a 52 week high of $10.50.

PIMCO Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Friday, April 11th will be issued a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 6.36%. The ex-dividend date of this dividend is Friday, April 11th.

About PIMCO Municipal Income Fund

PIMCO Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in the fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.