PIMCO Municipal Income Fund III (NYSE:PMX) Short Interest Down 51.2% in February

PIMCO Municipal Income Fund III (NYSE:PMX) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 14,200 shares, a drop of 51.2% from the January 31st total of 29,100 shares. Based on an average daily volume of 123,100 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO Municipal Income Fund III Stock Down 0.1 %

Shares of PMX stock traded down $0.01 on Monday, hitting $7.53. 100,133 shares of the stock were exchanged, compared to its average volume of 90,711. PIMCO Municipal Income Fund III has a fifty-two week low of $7.09 and a fifty-two week high of $8.52. The business has a 50-day moving average of $7.36 and a 200 day moving average of $7.75.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Thursday, February 13th.

Hedge Funds Weigh In On PIMCO Municipal Income Fund III

Hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC acquired a new position in PIMCO Municipal Income Fund III during the fourth quarter worth $67,000. Two Sigma Securities LLC bought a new stake in PIMCO Municipal Income Fund III during the 4th quarter worth about $80,000. Citadel Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the 4th quarter worth about $80,000. Logan Stone Capital LLC bought a new position in shares of PIMCO Municipal Income Fund III in the 4th quarter valued at about $87,000. Finally, Concorde Asset Management LLC acquired a new stake in shares of PIMCO Municipal Income Fund III in the third quarter valued at about $91,000.

PIMCO Municipal Income Fund III Company Profile

PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.