Short Interest in PIMCO Municipal Income Fund II (NYSE:PML) Drops By 46.6%

PIMCO Municipal Income Fund II (NYSE:PML) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 109,512 shares, a decline of 46.6% from the August 15th total of 205,183 shares. Based on an average daily trading volume, of 290,339 shares, the short-interest ratio is presently 0.4 days.

Insider Activity

In other PIMCO Municipal Income Fund II news, Director Sonya Morris purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was bought at an average cost of $7.50 per share, with a total value of $37,500.00. Following the completion of the transaction, the director owned 10,000 shares of the company’s stock, valued at $75,000. The trade was a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Trading of PIMCO Municipal Income Fund II

Hedge funds have recently added to or reduced their stakes in the stock. Rareview Capital LLC bought a new position in shares of PIMCO Municipal Income Fund II during the 2nd quarter valued at approximately $1,729,000. Wagner Wealth Management LLC increased its stake in shares of PIMCO Municipal Income Fund II by 11.2% during the 1st quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock worth $8,194,000 after purchasing an additional 108,907 shares during the last quarter. Robinson Capital Management LLC raised its holdings in shares of PIMCO Municipal Income Fund II by 68.0% in the 2nd quarter. Robinson Capital Management LLC now owns 856,682 shares of the investment management company’s stock worth $6,519,000 after purchasing an additional 346,632 shares during the period. Gridiron Partners LLC lifted its stake in PIMCO Municipal Income Fund II by 30.4% in the second quarter. Gridiron Partners LLC now owns 830,828 shares of the investment management company’s stock valued at $6,323,000 after purchasing an additional 193,558 shares during the last quarter. Finally, Worthington Financial Partners LLC purchased a new position in PIMCO Municipal Income Fund II in the fourth quarter valued at approximately $1,511,000.

PIMCO Municipal Income Fund II Stock Down 1.1%

NYSE:PML traded down $0.07 during trading on Tuesday, reaching $6.84. The company’s stock had a trading volume of 646,435 shares, compared to its average volume of 406,986. The firm has a 50 day moving average of $7.35 and a 200-day moving average of $7.48. PIMCO Municipal Income Fund II has a 12 month low of $6.81 and a 12 month high of $8.01.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a dividend of $0.0395 per share. The ex-dividend date is Friday, September 11th. This represents a c) annualized dividend and a yield of 6.9%.

PIMCO Municipal Income Fund II Company Profile

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.