Short Interest in PIMCO Municipal Income Fund II (NYSE:PML) Declines By 34.2%

PIMCO Municipal Income Fund II (NYSE:PML) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 98,994 shares, a drop of 34.2% from the June 15th total of 150,541 shares. Based on an average trading volume of 472,861 shares, the short-interest ratio is presently 0.2 days.

PIMCO Municipal Income Fund II Stock Up 0.3%

Shares of PIMCO Municipal Income Fund II stock opened at $7.54 on Friday. The company has a fifty day moving average price of $7.52 and a 200 day moving average price of $7.59. PIMCO Municipal Income Fund II has a twelve month low of $7.10 and a twelve month high of $8.01.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be paid a dividend of $0.0395 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Monday, July 13th.

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

Several institutional investors and hedge funds have recently modified their holdings of the stock. Asset Dedication LLC purchased a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at about $26,000. Comerica Bank lifted its position in PIMCO Municipal Income Fund II by 49.7% during the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after acquiring an additional 1,446 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in PIMCO Municipal Income Fund II by 106.1% in the 4th quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock worth $41,000 after acquiring an additional 2,813 shares during the period. US Bancorp DE purchased a new position in PIMCO Municipal Income Fund II in the 3rd quarter worth approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in PIMCO Municipal Income Fund II in the third quarter valued at approximately $58,000.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.