Short Interest in PIMCO Municipal Income Fund II (NYSE:PML) Expands By 129.9%

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

Insiders Place Their Bets

In other PIMCO Municipal Income Fund II news, Director Sonya Morris acquired 5,000 shares of the stock in a transaction dated Wednesday, March 25th. The shares were purchased at an average price of $7.48 per share, for a total transaction of $37,400.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $37,400. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Asset Dedication LLC bought a new stake in PIMCO Municipal Income Fund II during the 4th quarter worth approximately $26,000. Comerica Bank boosted its position in shares of PIMCO Municipal Income Fund II by 49.7% in the first 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 increased its stake in PIMCO Municipal Income Fund II by 106.1% in 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 bought a new stake in PIMCO Municipal Income Fund II during the third quarter valued at about $45,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in PIMCO Municipal Income Fund II during the third quarter valued at about $58,000.

PIMCO Municipal Income Fund II Trading Up 0.6%

PML opened at $7.35 on Friday. The firm’s 50 day simple moving average is $7.69 and its two-hundred day simple moving average is $7.72. PIMCO Municipal Income Fund II has a 1-year low of $7.10 and a 1-year high of $8.17.

PIMCO Municipal Income Fund II Announces Dividend

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

About PIMCO Municipal Income Fund II

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.