PIMCO Municipal Income Fund II (NYSE:PML) Short Interest Down 46.6% in August

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

PIMCO Municipal Income Fund II Stock Performance

Shares of PIMCO Municipal Income Fund II stock traded up $0.04 during trading on Wednesday, hitting $6.86. The stock had a trading volume of 527,869 shares, compared to its average volume of 407,669. The stock has a 50 day simple moving average of $7.32 and a 200 day simple moving average of $7.47. PIMCO Municipal Income Fund II has a 1 year low of $6.80 and a 1 year high of $8.01.

PIMCO Municipal Income Fund II Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Sonya Morris acquired 5,000 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were purchased at an average price of $7.50 per share, for a total transaction of $37,500.00. Following the acquisition, the director owned 10,000 shares in the company, valued at approximately $75,000. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of PIMCO Municipal Income Fund II

Several hedge funds and other institutional investors have recently modified their holdings of PML. Elyxium Wealth LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at $68,000. CWC Advisors LLC. purchased a new position in shares of PIMCO Municipal Income Fund II during the 1st quarter valued at $81,000. Palogic Value Management L.P. acquired a new position in shares of PIMCO Municipal Income Fund II in the second quarter worth $87,000. Greenspring Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the fourth quarter worth $102,000. Finally, Wealth Effects LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the first quarter worth $114,000.

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.