Short Interest in PIMCO Municipal Income Fund (NYSE:PMF) Drops By 21.0%

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

Insider Buying and Selling

In related 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 stock was bought at an average price of $9.02 per share, with a total value of $217,472.20. Following the acquisition, the insider now owns 24,110 shares in the company, valued at $217,472.20. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 25,505 shares of company stock valued at $230,140.

Institutional Trading of PIMCO Municipal Income Fund

Institutional investors have recently made changes to their positions in the company. Elequin Capital LP acquired a new position in PIMCO Municipal Income Fund in the 4th quarter valued at $31,000. Citadel Advisors LLC acquired a new stake in shares of PIMCO Municipal Income Fund in the fourth quarter valued at about $99,000. Raymond James Financial Inc. acquired a new stake in shares of PIMCO Municipal Income Fund in the fourth quarter valued at about $185,000. Uniting Wealth Partners LLC purchased a new position in shares of PIMCO Municipal Income Fund in the fourth quarter worth about $188,000. Finally, Virtu Financial LLC acquired a new position in PIMCO Municipal Income Fund during the fourth quarter worth about $226,000.

PIMCO Municipal Income Fund Stock Up 0.1 %

Shares of PMF stock traded up $0.01 on Wednesday, reaching $8.89. 24,116 shares of the company were exchanged, compared to its average volume of 75,482. PIMCO Municipal Income Fund has a 1 year low of $8.58 and a 1 year high of $10.50. The business has a 50-day moving average price of $9.06 and a 200 day moving average price of $9.38.

PIMCO Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th were issued a dividend of $0.042 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.67%.

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.