PIMCO Municipal Income Fund (NYSE:PMF) Short Interest Update

PIMCO Municipal Income Fund (NYSE:PMF) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 75,400 shares, a decline of 21.0% from the February 28th total of 95,500 shares. Based on an average trading volume of 77,500 shares, the short-interest ratio is presently 1.0 days.

Insider Buying and Selling at PIMCO Municipal Income Fund

In other PIMCO Municipal Income Fund news, major shareholder Of America Corp /De/ Bank purchased 24,110 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of $9.02 per share, for a total transaction of $217,472.20. Following the completion of the acquisition, the insider now owns 24,110 shares of the company’s stock, valued at approximately $217,472.20. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders bought 25,505 shares of company stock valued at $230,140.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PMF. Captrust Financial Advisors raised its holdings in shares of PIMCO Municipal Income Fund by 8.4% during the 3rd quarter. Captrust Financial Advisors now owns 233,128 shares of the financial services provider’s stock valued at $2,406,000 after buying an additional 18,055 shares during the period. 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 valued at $664,000 after acquiring an additional 29,851 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of PIMCO Municipal Income Fund by 1,317.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 289,904 shares of the financial services provider’s stock valued at $2,603,000 after purchasing an additional 269,453 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of PIMCO Municipal Income Fund during the fourth quarter worth $509,000. Finally, Raymond James Financial Inc. purchased a new position in shares of PIMCO Municipal Income Fund in the fourth quarter valued at $185,000.

PIMCO Municipal Income Fund Price Performance

PIMCO Municipal Income Fund stock opened at $8.91 on Monday. The firm has a fifty day moving average of $9.06 and a 200-day moving average of $9.40. PIMCO Municipal Income Fund has a 52-week low of $8.58 and a 52-week high of $10.50.

PIMCO Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 5.66%. The ex-dividend date is Thursday, March 13th.

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.