PIMCO Municipal Income Fund II (NYSE:PML) Sees Large Growth in Short Interest

PIMCO Municipal Income Fund II (NYSE:PML) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 205,183 shares, a growth of 125.9% from the July 30th total of 90,842 shares. Based on an average daily volume of 358,168 shares, the short-interest ratio is presently 0.6 days.

PIMCO Municipal Income Fund II Stock Down 0.4%

Shares of PIMCO Municipal Income Fund II stock traded down $0.03 on Friday, reaching $7.32. The stock had a trading volume of 292,277 shares, compared to its average volume of 401,903. The company has a 50 day moving average price of $7.44 and a 200 day moving average price of $7.53. PIMCO Municipal Income Fund II has a 1 year low of $7.18 and a 1 year high of $8.01.

PIMCO Municipal Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Thursday, August 13th will be paid a $0.0395 dividend. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date is Thursday, August 13th.

Insider Buying and Selling

In other news, Director Sonya Morris bought 5,000 shares of PIMCO Municipal Income Fund II stock in a transaction on Tuesday, July 21st. The stock was acquired at an average cost of $7.50 per share, for a total transaction of $37,500.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at $75,000. This trade represents a 100.00% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On PIMCO Municipal Income Fund II

Several institutional investors and hedge funds have recently bought and sold shares of PML. Rivernorth Capital Management LLC lifted its holdings in shares of PIMCO Municipal Income Fund II by 5.4% during the 2nd quarter. Rivernorth Capital Management LLC now owns 4,482,914 shares of the investment management company’s stock valued at $34,115,000 after purchasing an additional 231,386 shares during the last quarter. Guggenheim Capital LLC grew its stake in PIMCO Municipal Income Fund II by 7.5% during the 4th quarter. Guggenheim Capital LLC now owns 2,338,947 shares of the investment management company’s stock worth $17,636,000 after buying an additional 163,926 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in PIMCO Municipal Income Fund II during the 1st quarter valued at about $8,240,000. Bank of America Corp DE acquired a new position in PIMCO Municipal Income Fund II during the 2nd quarter valued at about $8,244,000. Finally, Wagner Wealth Management LLC increased its position in PIMCO Municipal Income Fund II by 11.2% during the 1st quarter. Wagner Wealth Management LLC now owns 1,082,412 shares of the investment management company’s stock valued at $8,194,000 after buying an additional 108,907 shares in the last quarter.

About PIMCO Municipal Income Fund II

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.