PIMCO Municipal Income Fund III (NYSE:PMX) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 77,200 shares, a growth of 21.8% from the August 15th total of 63,400 shares. Based on an average daily trading volume, of 40,800 shares, the short-interest ratio is presently 1.9 days.
PMX stock opened at $12.53 on Tuesday. PIMCO Municipal Income Fund III has a twelve month low of $11.12 and a twelve month high of $13.30. The firm has a 50 day simple moving average of $12.91 and a 200-day simple moving average of $12.64.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 1st. Shareholders of record on Monday, September 13th will be issued a $0.046 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Friday, September 10th.
About PIMCO Municipal Income Fund III
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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