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

PIMCO Municipal Income Fund (NYSE:PMF) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 85,600 shares, an increase of 290.9% from the September 15th total of 21,900 shares. Based on an average trading volume of 76,200 shares, the days-to-cover ratio is presently 1.1 days.

PIMCO Municipal Income Fund Stock Performance

Shares of PMF traded down $0.03 during trading hours on Thursday, hitting $10.04. 62,270 shares of the company were exchanged, compared to its average volume of 68,269. PIMCO Municipal Income Fund has a fifty-two week low of $7.69 and a fifty-two week high of $10.50. The firm’s fifty day moving average is $9.67 and its 200 day moving average is $9.34.

PIMCO Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a $0.042 dividend. This represents a $0.50 annualized dividend and a yield of 5.02%. The ex-dividend date is Friday, October 11th.

Hedge Funds Weigh In On PIMCO Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in PMF. B. Riley Wealth Advisors Inc. increased its stake in PIMCO Municipal Income Fund by 12.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 21,806 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 2,346 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of PIMCO Municipal Income Fund by 0.6% in the 2nd quarter. Truist Financial Corp now owns 605,110 shares of the financial services provider’s stock valued at $5,549,000 after purchasing an additional 3,601 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of PIMCO Municipal Income Fund in the 2nd quarter valued at $96,000. Kimelman & Baird LLC bought a new position in shares of PIMCO Municipal Income Fund in the 2nd quarter valued at $71,000. Finally, Wolverine Asset Management LLC raised its holdings in shares of PIMCO Municipal Income Fund by 359.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 24,807 shares of the financial services provider’s stock worth $227,000 after buying an additional 19,407 shares in the last quarter.

About PIMCO Municipal Income Fund

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.