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

PIMCO Municipal Income Fund II (NYSE:PML) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 124,645 shares, a growth of 248.4% from the January 29th total of 35,779 shares. Based on an average trading volume of 412,865 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 412,865 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. bought a new stake in shares of PIMCO Municipal Income Fund II during the 3rd quarter worth about $5,026,000. Gill Capital Partners LLC raised its holdings in PIMCO Municipal Income Fund II by 1,138.7% in the 3rd quarter. Gill Capital Partners LLC now owns 594,274 shares of the investment management company’s stock valued at $4,701,000 after acquiring an additional 546,299 shares during the period. Cliftonlarsonallen Wealth Advisors LLC lifted its position in PIMCO Municipal Income Fund II by 200.0% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 120,000 shares of the investment management company’s stock worth $949,000 after acquiring an additional 80,000 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of PIMCO Municipal Income Fund II during the second quarter worth approximately $519,000. Finally, GenTrust LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the third quarter valued at approximately $4,133,000.

PIMCO Municipal Income Fund II Stock Down 0.1%

PML stock traded down $0.01 during mid-day trading on Thursday, reaching $7.82. The company had a trading volume of 127,894 shares, compared to its average volume of 356,869. PIMCO Municipal Income Fund II has a 52 week low of $7.10 and a 52 week high of $8.67. The stock has a 50 day simple moving average of $7.66 and a two-hundred day simple moving average of $7.66.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be issued a dividend of $0.0395 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Thursday, February 12th.

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.