PIMCO Municipal Income Fund II (NYSE:PML) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 141,900 shares, an increase of 28.6% from the August 15th total of 110,300 shares. Based on an average daily volume of 71,700 shares, the short-interest ratio is currently 2.0 days.
PML stock traded down $0.01 during midday trading on Tuesday, hitting $14.94. The company’s stock had a trading volume of 73 shares, compared to its average volume of 83,197. The stock’s 50-day moving average price is $15.06 and its 200 day moving average price is $14.90. PIMCO Municipal Income Fund II has a 1 year low of $12.95 and a 1 year high of $15.35.
The company also recently declared a monthly dividend, which will be paid on Friday, October 1st. Stockholders of record on Monday, September 13th will be given a dividend of $0.059 per share. The ex-dividend date of this dividend is Friday, September 10th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 4.74%.
PIMCO Municipal Income Fund II Company Profile
PIMCO Municipal Income Fund II operates as a closed-end investment fund. It intends to seek current income exempt from federal income tax. The firm invests all of its assets in a portfolio of municipal bonds, residual interest municipal bonds and tax-exempt bonds whose interest rates bear an inverse relationship to the interest rate on another security or the value of an index.
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