Short Interest in PIMCO Municipal Income Fund II (NYSE:PML) Declines By 34.2%

PIMCO Municipal Income Fund II (NYSE:PML) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 98,994 shares, a decline 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 currently 0.2 days.

PIMCO Municipal Income Fund II Stock Down 0.3%

NYSE:PML opened at $7.51 on Friday. The firm’s fifty day simple moving average is $7.52 and its 200-day simple moving average is $7.59. PIMCO Municipal Income Fund II has a fifty-two week low of $7.10 and a fifty-two week high of $8.01.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be given a dividend of $0.0395 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Monday, July 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Asset Dedication LLC acquired a new stake in shares of PIMCO Municipal Income Fund II during the 4th quarter valued at approximately $26,000. Comerica Bank grew its holdings in shares of PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after acquiring 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 valued at $41,000 after purchasing an additional 2,813 shares in the last quarter. US Bancorp DE purchased a new position in PIMCO Municipal Income Fund II in the 3rd quarter valued at approximately $45,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in PIMCO Municipal Income Fund II during the third quarter worth $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.