PIMCO Municipal Income Fund II (NYSE:PML) Short Interest Update

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

PIMCO Municipal Income Fund II Stock Down 0.3%

Shares of NYSE:PML opened at $7.51 on Friday. The company has a 50-day simple moving average of $7.52 and a 200-day simple moving average of $7.59. PIMCO Municipal Income Fund II has a one year low of $7.10 and a one year high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

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

Institutional Trading of PIMCO Municipal Income Fund II

Several hedge funds have recently made changes to their positions in PML. Asset Dedication LLC purchased a new position in PIMCO Municipal Income Fund II during the fourth quarter worth about $26,000. Comerica Bank increased 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 purchasing an additional 1,446 shares during the period. Global Wealth Strategies & Associates raised its stake in shares of PIMCO Municipal Income Fund II by 106.1% during the 4th quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock worth $41,000 after buying an additional 2,813 shares in the last quarter. US Bancorp DE purchased a new position in shares of PIMCO Municipal Income Fund II during the 3rd quarter worth approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of PIMCO Municipal Income Fund II in the 3rd quarter valued at approximately $58,000.

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.