PIMCO Municipal Income Fund II (NYSE:PML) Sees Large Decline in Short Interest

PIMCO Municipal Income Fund II (NYSE:PML) saw a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 67,585 shares, a drop of 45.8% from the February 12th total of 124,645 shares. Based on an average daily volume of 348,262 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 348,262 shares, the short-interest ratio is currently 0.2 days.

PIMCO Municipal Income Fund II Stock Down 1.1%

Shares of NYSE PML traded down $0.09 during mid-day trading on Thursday, hitting $7.64. The company had a trading volume of 262,931 shares, compared to its average volume of 386,090. PIMCO Municipal Income Fund II has a 12 month low of $7.10 and a 12 month high of $8.26. The business’s 50-day simple moving average is $7.71 and its 200-day simple moving average is $7.70.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be given a $0.0395 dividend. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in PIMCO Municipal Income Fund II by 0.5% during the fourth quarter. Captrust Financial Advisors now owns 283,257 shares of the investment management company’s stock worth $2,136,000 after buying an additional 1,426 shares in the last quarter. Comerica Bank boosted its position in shares of 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 valued at $35,000 after acquiring an additional 1,446 shares in the last quarter. Wakefield Asset Management LLLP increased its stake in PIMCO Municipal Income Fund II by 0.7% in the fourth quarter. Wakefield Asset Management LLLP now owns 214,566 shares of the investment management company’s stock valued at $1,618,000 after acquiring an additional 1,541 shares during the period. Bank of Montreal Can raised its position in PIMCO Municipal Income Fund II by 6.7% in the second quarter. Bank of Montreal Can now owns 28,120 shares of the investment management company’s stock worth $209,000 after purchasing an additional 1,767 shares in the last quarter. Finally, RFG Advisory LLC lifted its stake in PIMCO Municipal Income Fund II by 13.5% during the third quarter. RFG Advisory LLC now owns 17,002 shares of the investment management company’s stock worth $134,000 after purchasing an additional 2,026 shares during the period.

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.