PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 125,400 shares, a growth of 69.7% from the March 31st total of 73,900 shares. Based on an average trading volume of 102,700 shares, the short-interest ratio is presently 1.2 days.
PIMCO Municipal Income Fund III Price Performance
Shares of PMX traded down $0.04 on Monday, hitting $7.48. 38,075 shares of the stock traded hands, compared to its average volume of 103,539. The business has a 50 day simple moving average of $7.48 and a 200 day simple moving average of $7.27. PIMCO Municipal Income Fund III has a one year low of $6.09 and a one year high of $8.15.
PIMCO Municipal Income Fund III Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be given a dividend of $0.033 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Wednesday, April 10th.
Institutional Investors Weigh In On PIMCO Municipal Income Fund III
About PIMCO Municipal Income Fund III
PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.
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