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

PIMCO Municipal Income Fund (NYSE:PMF) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 203,900 shares, a growth of 61.8% from the October 31st total of 126,000 shares. Based on an average trading volume of 76,200 shares, the short-interest ratio is presently 2.7 days.

PIMCO Municipal Income Fund Stock Up 0.8 %

PIMCO Municipal Income Fund stock traded up $0.08 during mid-day trading on Friday, reaching $9.64. The company’s stock had a trading volume of 26,187 shares, compared to its average volume of 69,112. PIMCO Municipal Income Fund has a 12 month low of $8.83 and a 12 month high of $10.50. The business’s 50 day simple moving average is $9.87 and its 200 day simple moving average is $9.53.

PIMCO Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be issued a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Tuesday, November 12th.

Institutional Trading of PIMCO Municipal Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kimelman & Baird LLC bought a new stake in PIMCO Municipal Income Fund during the second quarter worth $71,000. Fortitude Family Office LLC bought a new stake in shares of PIMCO Municipal Income Fund in the 3rd quarter valued at about $93,000. XTX Topco Ltd acquired a new stake in PIMCO Municipal Income Fund in the 2nd quarter valued at about $96,000. B. Riley Wealth Advisors Inc. grew its holdings in PIMCO Municipal Income Fund by 12.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 21,806 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 2,346 shares during the period. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in PIMCO Municipal Income Fund during the third quarter worth approximately $211,000.

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.