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

PIMCO Municipal Income Fund II (NYSE:PML) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 77,680 shares, a decline of 33.8% from the December 15th total of 117,336 shares. Based on an average daily trading volume, of 1,063,647 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 1,063,647 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of PIMCO Municipal Income Fund II by 101.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,894,894 shares of the investment management company’s stock worth $22,899,000 after buying an additional 1,459,549 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in PIMCO Municipal Income Fund II during the 3rd quarter worth approximately $5,026,000. Gridiron Partners LLC lifted its stake in PIMCO Municipal Income Fund II by 797.6% in the 4th quarter. Gridiron Partners LLC now owns 695,624 shares of the investment management company’s stock worth $5,245,000 after purchasing an additional 618,125 shares in the last quarter. Gill Capital Partners LLC boosted 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 purchasing an additional 546,299 shares during the period. Finally, GenTrust LLC bought a new position in PIMCO Municipal Income Fund II in the 3rd quarter valued at $4,133,000.

PIMCO Municipal Income Fund II Trading Up 0.1%

Shares of NYSE:PML traded up $0.01 during trading on Friday, hitting $7.67. 480,949 shares of the company were exchanged, compared to its average volume of 342,359. 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 moving average of $7.65 and a 200 day moving average of $7.57.

PIMCO Municipal Income Fund II Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be issued a dividend of $0.0395 per share. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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.