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

PIMCO Municipal Income Fund II (NYSE:PML) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 98,994 shares, a drop of 34.2% from the June 15th total of 150,541 shares. Based on an average daily volume of 472,861 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On PIMCO Municipal Income Fund II

Several large investors have recently modified their holdings of PML. Asset Dedication LLC acquired a new position in shares of PIMCO Municipal Income Fund II in the 4th quarter valued at approximately $26,000. Comerica Bank boosted its holdings in shares of PIMCO Municipal Income Fund II by 49.7% in the first quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock valued at $35,000 after buying an additional 1,446 shares during the period. Global Wealth Strategies & Associates increased its position in shares of PIMCO Municipal Income Fund II by 106.1% during the fourth quarter. Global Wealth Strategies & Associates now owns 5,465 shares of the investment management company’s stock worth $41,000 after acquiring an additional 2,813 shares in the last quarter. US Bancorp DE acquired a new stake in shares of PIMCO Municipal Income Fund II during the third quarter worth $45,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in PIMCO Municipal Income Fund II in the 3rd quarter valued at $58,000.

PIMCO Municipal Income Fund II Price Performance

Shares of PML stock opened at $7.54 on Friday. PIMCO Municipal Income Fund II has a 12-month low of $7.10 and a 12-month high of $8.01. The firm has a fifty day moving average of $7.52 and a 200-day moving average of $7.59.

PIMCO Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a dividend of $0.0395 per share. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a yield of 6.3%.

PIMCO Municipal Income Fund II Company Profile

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.