PIMCO Municipal Income Fund II (NYSE:PML) Sees Significant Increase in Short Interest

PIMCO Municipal Income Fund II (NYSE:PML) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 155,405 shares, a growth of 129.9% from the February 26th total of 67,585 shares. Based on an average daily trading volume, of 456,049 shares, the short-interest ratio is presently 0.3 days.

PIMCO Municipal Income Fund II Price Performance

NYSE:PML traded down $0.18 during mid-day trading on Thursday, reaching $7.33. 486,837 shares of the stock were exchanged, compared to its average volume of 376,364. PIMCO Municipal Income Fund II has a 1-year low of $7.10 and a 1-year high of $8.17. The business has a fifty day moving average price of $7.70 and a 200 day moving average price of $7.73.

PIMCO Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be given a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Thursday, March 12th.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

A number of hedge funds have recently added to or reduced their stakes in PML. Worthington Financial Partners LLC acquired a new stake in PIMCO Municipal Income Fund II in the 4th quarter worth approximately $1,511,000. Virtu Financial LLC acquired a new position in PIMCO Municipal Income Fund II during the fourth quarter valued at approximately $1,112,000. Garton & Associates Financial Advisors LLC bought a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter valued at approximately $59,000. XTX Topco Ltd acquired a new stake in shares of PIMCO Municipal Income Fund II in the fourth quarter worth $360,000. Finally, Readystate Asset Management LP acquired a new position in PIMCO Municipal Income Fund II during the 4th quarter worth $454,000.

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.