PIMCO Municipal Income Fund (NYSE:PMF) Short Interest Update

Posted by Charles Blunt on Jan 17th, 2025

PIMCO Municipal Income Fund (NYSE:PMF – Get Free Report) saw 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 short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kimelman & Baird LLC bought a new position in PIMCO Municipal Income Fund during the 2nd quarter valued at approximately $71,000. Fortitude Family Office LLC bought a new position in PIMCO Municipal Income Fund during the 3rd quarter valued at approximately $93,000. XTX Topco Ltd bought a new position in PIMCO Municipal Income Fund during the 2nd quarter valued at approximately $96,000. Hennion & Walsh Asset Management Inc. bought a new position in PIMCO Municipal Income Fund during the 3rd quarter valued at approximately $211,000. Finally, B. Riley Wealth Advisors Inc. raised its position in PIMCO Municipal Income Fund by 12.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 21,806 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 2,346 shares during the last quarter.

PIMCO Municipal Income Fund Price Performance

NYSE PMF opened at $8.81 on Friday. PIMCO Municipal Income Fund has a 1-year low of $8.58 and a 1-year high of $10.50. The stock has a 50-day moving average of $9.33 and a 200-day moving average of $9.51.

PIMCO Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be paid a $0.042 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Monday, January 13th.

About PIMCO Municipal Income Fund

(Get Free Report)

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.