Short Interest in PIMCO Municipal Income Fund II (NYSE:PML) Decreases By 31.0%

PIMCO Municipal Income Fund II (NYSE:PML) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 169,300 shares, a drop of 31.0% from the October 31st total of 245,200 shares. Based on an average daily volume of 183,300 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. purchased a new stake in PIMCO Municipal Income Fund II during the second quarter valued at approximately $3,424,000. Cetera Investment Advisers increased its stake in shares of PIMCO Municipal Income Fund II by 3.4% in the second quarter. Cetera Investment Advisers now owns 206,654 shares of the investment management company’s stock worth $1,763,000 after acquiring an additional 6,749 shares during the period. Parallel Advisors LLC acquired a new stake in shares of PIMCO Municipal Income Fund II in the second quarter worth $909,000. Envestnet Asset Management Inc. increased its stake in shares of PIMCO Municipal Income Fund II by 3.8% in the second quarter. Envestnet Asset Management Inc. now owns 313,865 shares of the investment management company’s stock worth $2,677,000 after acquiring an additional 11,602 shares during the period. Finally, Raymond James & Associates increased its stake in shares of PIMCO Municipal Income Fund II by 10.7% in the second quarter. Raymond James & Associates now owns 148,784 shares of the investment management company’s stock worth $1,269,000 after acquiring an additional 14,371 shares during the period.

PIMCO Municipal Income Fund II Price Performance

Shares of NYSE PML traded up $0.09 during midday trading on Friday, reaching $8.88. 89,758 shares of the company’s stock traded hands, compared to its average volume of 177,627. The stock’s 50 day simple moving average is $9.02 and its 200-day simple moving average is $8.76. PIMCO Municipal Income Fund II has a one year low of $8.00 and a one year high of $9.52.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.0395 per share. The ex-dividend date is Tuesday, November 12th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.34%.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income markets. The fund invests in stocks of companies operating across diversified sectors.