Short Interest in PIMCO Municipal Income Fund III (NYSE:PMX) Decreases By 51.2%

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

Institutional Investors Weigh In On PIMCO Municipal Income Fund III

Several institutional investors and hedge funds have recently added to or reduced their stakes in PMX. Nomura Holdings Inc. acquired a new stake in shares of PIMCO Municipal Income Fund III in the 4th quarter valued at approximately $237,000. Nuveen Asset Management LLC increased its holdings in shares of PIMCO Municipal Income Fund III by 23.3% during the 4th quarter. Nuveen Asset Management LLC now owns 75,109 shares of the investment management company’s stock worth $553,000 after acquiring an additional 14,200 shares during the last quarter. Logan Stone Capital LLC bought a new stake in PIMCO Municipal Income Fund III in the 4th quarter valued at $87,000. Cetera Investment Advisers lifted its holdings in PIMCO Municipal Income Fund III by 7.4% during the 4th quarter. Cetera Investment Advisers now owns 41,156 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 2,848 shares during the last quarter. Finally, Bramshill Investments LLC bought a new stake in shares of PIMCO Municipal Income Fund III during the 4th quarter worth about $337,000.

PIMCO Municipal Income Fund III Stock Up 0.5 %

Shares of PMX stock traded up $0.04 on Friday, hitting $7.53. 61,372 shares of the stock were exchanged, compared to its average volume of 90,471. 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 has a fifty-two week low of $7.09 and a fifty-two week high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

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

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.