Short Interest in PIMCO Municipal Income Fund II (NYSE:PML) Drops By 46.6%

PIMCO Municipal Income Fund II (NYSE:PML) saw a significant 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 trading volume, of 290,339 shares, the short-interest ratio is presently 0.4 days.

Insider Activity

In other PIMCO Municipal Income Fund II news, Director Sonya Morris acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was bought at an average price of $7.50 per share, with a total value of $37,500.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $75,000. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Trading of PIMCO Municipal Income Fund II

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arkadios Wealth Advisors bought a new stake in PIMCO Municipal Income Fund II during the first quarter worth about $8,240,000. Bank of America Corp DE bought a new stake in shares of PIMCO Municipal Income Fund II in the 2nd quarter worth approximately $8,244,000. Robinson Capital Management LLC lifted its holdings in shares of PIMCO Municipal Income Fund II by 68.0% in the 2nd quarter. Robinson Capital Management LLC now owns 856,682 shares of the investment management company’s stock worth $6,519,000 after acquiring an additional 346,632 shares during the last quarter. Rareview Capital LLC purchased a new stake in shares of PIMCO Municipal Income Fund II in the 2nd quarter valued at $1,729,000. Finally, Rivernorth Capital Management LLC grew its holdings in shares of PIMCO Municipal Income Fund II by 5.4% during the 2nd quarter. Rivernorth Capital Management LLC now owns 4,482,914 shares of the investment management company’s stock valued at $34,115,000 after purchasing an additional 231,386 shares during the last quarter.

PIMCO Municipal Income Fund II Price Performance

NYSE PML traded down $0.07 during trading on Tuesday, reaching $6.84. The company’s stock had a trading volume of 646,435 shares, compared to its average volume of 406,986. PIMCO Municipal Income Fund II has a one year low of $6.81 and a one year high of $8.01. The firm has a fifty day moving average of $7.35 and a 200 day moving average of $7.48.

PIMCO Municipal Income Fund II Dividend Announcement

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

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.