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

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

PIMCO Municipal Income Fund Stock Up 1.4 %

Shares of PMF stock opened at $8.76 on Thursday. PIMCO Municipal Income Fund has a 52-week low of $8.58 and a 52-week high of $10.50. The company has a 50-day simple moving average of $9.35 and a two-hundred day simple moving average of $9.52.

PIMCO Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a dividend of $0.042 per share. The ex-dividend date is Monday, January 13th. This represents a $0.50 dividend on an annualized basis and a yield of 5.75%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of PIMCO Municipal Income Fund in the 2nd quarter worth about $96,000. B. Riley Wealth Advisors Inc. raised its position in PIMCO Municipal Income Fund by 12.1% in the second 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 period. Kimelman & Baird LLC purchased a new position in PIMCO Municipal Income Fund in the second quarter valued at about $71,000. Truist Financial Corp grew its holdings in PIMCO Municipal Income Fund by 0.6% during the second quarter. Truist Financial Corp now owns 605,110 shares of the financial services provider’s stock valued at $5,549,000 after purchasing an additional 3,601 shares during the period. Finally, Selway Asset Management increased its position in PIMCO Municipal Income Fund by 1.4% in the third quarter. Selway Asset Management now owns 353,900 shares of the financial services provider’s stock worth $3,652,000 after buying an additional 5,000 shares during the last quarter.

PIMCO Municipal Income Fund Company Profile

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.