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

PIMCO Municipal Income Fund (NYSE:PMF) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 60,900 shares, a decrease of 18.8% from the December 15th total of 75,000 shares. Based on an average daily trading volume, of 92,400 shares, the days-to-cover ratio is presently 0.7 days.

PIMCO Municipal Income Fund Stock Up 0.1 %

PIMCO Municipal Income Fund stock traded up $0.01 during midday trading on Friday, hitting $8.82. 75,439 shares of the company were exchanged, compared to its average volume of 86,158. The business has a fifty day simple moving average of $9.29 and a two-hundred day simple moving average of $9.51. PIMCO Municipal Income Fund has a fifty-two week low of $8.58 and a fifty-two week high of $10.50.

PIMCO Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be paid a dividend of $0.042 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.72%.

Hedge Funds Weigh In On PIMCO Municipal Income Fund

Several institutional investors have recently made changes to their positions in PMF. B. Riley Wealth Advisors Inc. boosted its holdings in PIMCO Municipal Income Fund by 12.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 21,806 shares of the financial services provider’s stock worth $201,000 after buying an additional 2,346 shares in the last quarter. Truist Financial Corp raised its position in shares of PIMCO Municipal Income Fund by 0.6% in the second quarter. Truist Financial Corp now owns 605,110 shares of the financial services provider’s stock worth $5,549,000 after acquiring an additional 3,601 shares during the period. Selway Asset Management boosted its stake in shares of PIMCO Municipal Income Fund by 1.4% during the 3rd quarter. Selway Asset Management now owns 353,900 shares of the financial services provider’s stock worth $3,652,000 after acquiring an additional 5,000 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of PIMCO Municipal Income Fund during the 2nd quarter valued at about $71,000. Finally, Fortitude Family Office LLC purchased a new position in shares of PIMCO Municipal Income Fund in the 3rd quarter valued at about $93,000.

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.