PIMCO Municipal Income Fund III (NYSE:PMX) Short Interest Down 24.4% in October

PIMCO Municipal Income Fund III (NYSE:PMX) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 87,200 shares, a decrease of 24.4% from the October 15th total of 115,400 shares. Based on an average daily volume of 88,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of PIMCO Municipal Income Fund III

A number of institutional investors have recently made changes to their positions in PMX. Plimoth Trust Co. LLC bought a new position in PIMCO Municipal Income Fund III in the third quarter valued at $84,000. Concorde Asset Management LLC bought a new stake in shares of PIMCO Municipal Income Fund III in the 3rd quarter valued at about $91,000. Arbor Trust Wealth Advisors LLC acquired a new stake in PIMCO Municipal Income Fund III in the 2nd quarter valued at about $103,000. Virtu Financial LLC acquired a new stake in PIMCO Municipal Income Fund III in the 1st quarter valued at about $130,000. Finally, Fortitude Family Office LLC bought a new position in PIMCO Municipal Income Fund III during the third quarter worth about $156,000.

PIMCO Municipal Income Fund III Stock Down 0.3 %

Shares of NYSE:PMX traded down $0.02 during mid-day trading on Friday, reaching $7.85. 51,154 shares of the stock were exchanged, compared to its average volume of 94,986. The stock’s 50 day simple moving average is $8.09 and its 200-day simple moving average is $7.85. PIMCO Municipal Income Fund III has a one year low of $7.02 and a one year high of $8.52.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.033 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.40 annualized dividend and a dividend yield of 5.04%.

About PIMCO Municipal Income Fund III

PIMCO Municipal Income Fund III is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in in municipal bonds that pay interest that is exempt from federal income tax.