Short Interest in PIMCO Municipal Income Fund (NYSE:PMF) Decreases By 18.8%

PIMCO Municipal Income Fund (NYSE:PMF) saw a significant decline in short interest in 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 days-to-cover ratio is currently 0.7 days.

PIMCO Municipal Income Fund Price Performance

NYSE:PMF opened at $8.76 on Thursday. PIMCO Municipal Income Fund has a fifty-two week low of $8.58 and a fifty-two week high of $10.50. The company has a 50 day simple moving average of $9.35 and a two-hundred day simple moving average of $9.52.

PIMCO Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be given a dividend of $0.042 per share. The ex-dividend date is Monday, January 13th. This represents a $0.50 dividend on an annualized basis and a yield of 5.75%.

Institutional Trading of PIMCO Municipal Income Fund

A number of large investors have recently bought and sold shares of PMF. Kimelman & Baird LLC acquired a new position in PIMCO Municipal Income Fund in the second quarter valued at approximately $71,000. Fortitude Family Office LLC acquired a new position in shares of PIMCO Municipal Income Fund during the third quarter valued at about $93,000. XTX Topco Ltd acquired a new position in PIMCO Municipal Income Fund during the 2nd quarter worth approximately $96,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of PIMCO Municipal Income Fund during the third quarter worth approximately $211,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in shares of PIMCO Municipal Income Fund by 12.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 21,806 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 2,346 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.