Short Interest in PIMCO Municipal Income Fund (NYSE:PMF) Declines By 18.8%

PIMCO Municipal Income Fund (NYSE:PMF) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 60,900 shares, a decline of 18.8% from the December 31st total of 75,000 shares. Based on an average daily volume of 92,400 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of PIMCO Municipal Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Fortitude Family Office LLC bought a new position in shares of PIMCO Municipal Income Fund in the third quarter worth approximately $93,000. XTX Topco Ltd purchased a new stake in shares of PIMCO Municipal Income Fund during the 2nd quarter valued at $96,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of PIMCO Municipal Income Fund by 12.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 21,806 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 2,346 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in PIMCO Municipal Income Fund in the third quarter worth $211,000. Finally, HighTower Advisors LLC grew its position in PIMCO Municipal Income Fund by 86.4% in the third quarter. HighTower Advisors LLC now owns 64,387 shares of the financial services provider’s stock worth $664,000 after acquiring an additional 29,851 shares in the last quarter.

PIMCO Municipal Income Fund Trading Up 1.0 %

Shares of PIMCO Municipal Income Fund stock traded up $0.09 on Thursday, reaching $9.04. The stock had a trading volume of 9,117 shares, compared to its average volume of 78,026. The business’s 50 day moving average is $9.13 and its two-hundred day moving average is $9.49. PIMCO Municipal Income Fund has a 1 year low of $8.58 and a 1 year high of $10.50.

PIMCO Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a $0.042 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.58%.

About PIMCO Municipal Income Fund

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