Short Interest in PIMCO Municipal Income Fund II (NYSE:PML) Rises By 125.9%

PIMCO Municipal Income Fund II (NYSE:PML) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 205,183 shares, an increase 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.

Insider Activity

In other news, Director Sonya Morris acquired 5,000 shares of the stock in a transaction dated Tuesday, July 21st. The stock was bought at an average price of $7.50 per share, with a total value of $37,500.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at $75,000. This represents a 100.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Comerica Bank grew its position in shares of PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock valued at $35,000 after buying an additional 1,446 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of PIMCO Municipal Income Fund II in the first quarter valued at about $202,000. Jane Street Group LLC bought a new position in PIMCO Municipal Income Fund II during the 2nd quarter worth approximately $101,000. Bank of America Corp DE increased its position in shares of PIMCO Municipal Income Fund II by 23.8% during the second quarter. Bank of America Corp DE now owns 107,431 shares of the investment management company’s stock worth $800,000 after buying an additional 20,678 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in PIMCO Municipal Income Fund II during the second quarter worth $768,000.

PIMCO Municipal Income Fund II Trading Down 0.4%

NYSE PML traded down $0.03 on Friday, hitting $7.32. The company’s stock had a trading volume of 292,277 shares, compared to its average volume of 401,903. The company’s 50-day moving average is $7.45 and its 200 day moving average is $7.54. 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 firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Thursday, August 13th will be paid a $0.0395 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 6.5%.

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.