PIMCO Municipal Income Fund (NYSE:PMF) Short Interest Down 18.8% in January

PIMCO Municipal Income Fund (NYSE:PMF) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 60,900 shares, a decline of 18.8% from the December 31st total of 75,000 shares. Based on an average daily trading volume, of 92,400 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of PIMCO Municipal Income Fund

Several large investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. increased its stake in shares of PIMCO Municipal Income Fund by 1,317.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 289,904 shares of the financial services provider’s stock valued at $2,603,000 after buying an additional 269,453 shares during the period. HighTower Advisors LLC boosted its holdings in PIMCO Municipal Income Fund by 86.4% in the third quarter. HighTower Advisors LLC now owns 64,387 shares of the financial services provider’s stock valued at $664,000 after acquiring an additional 29,851 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of PIMCO Municipal Income Fund by 8.4% in the 3rd quarter. Captrust Financial Advisors now owns 233,128 shares of the financial services provider’s stock worth $2,406,000 after purchasing an additional 18,055 shares during the period. Van ECK Associates Corp boosted its stake in shares of PIMCO Municipal Income Fund by 9.3% during the 3rd quarter. Van ECK Associates Corp now owns 125,388 shares of the financial services provider’s stock valued at $1,219,000 after purchasing an additional 10,721 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new position in shares of PIMCO Municipal Income Fund during the third quarter valued at about $93,000.

PIMCO Municipal Income Fund Trading Up 1.0 %

NYSE:PMF traded up $0.09 during midday trading on Thursday, reaching $9.04. 9,117 shares of the stock traded hands, compared to its average volume of 78,026. PIMCO Municipal Income Fund has a 12 month low of $8.58 and a 12 month high of $10.50. The company has a fifty day moving average of $9.13 and a 200 day moving average of $9.49.

PIMCO Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Monday, January 13th will be issued 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 dividend yield of 5.58%.

PIMCO Municipal Income Fund Company Profile

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.