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

PIMCO Municipal Income Fund (NYSE:PMF) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 60,900 shares, a decrease of 18.8% from the December 15th total of 75,000 shares. Based on an average trading volume of 92,400 shares, the short-interest ratio is presently 0.7 days.

PIMCO Municipal Income Fund Price Performance

Shares of NYSE:PMF opened at $8.81 on Friday. PIMCO Municipal Income Fund has a 52-week low of $8.58 and a 52-week high of $10.50. The stock has a 50 day moving average price of $9.33 and a 200-day moving average price of $9.51.

PIMCO Municipal Income Fund Dividend Announcement

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 given a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.72%. The ex-dividend date is Monday, January 13th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. raised its position in shares of PIMCO Municipal Income Fund by 1,317.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 289,904 shares of the financial services provider’s stock worth $2,603,000 after acquiring an additional 269,453 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of PIMCO Municipal Income Fund by 86.4% in the 3rd quarter. HighTower Advisors LLC now owns 64,387 shares of the financial services provider’s stock worth $664,000 after buying an additional 29,851 shares during the last quarter. Captrust Financial Advisors grew its stake 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 buying an additional 18,055 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of PIMCO Municipal Income Fund by 9.3% in the 3rd quarter. Van ECK Associates Corp now owns 125,388 shares of the financial services provider’s stock worth $1,219,000 after buying an additional 10,721 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of PIMCO Municipal Income Fund in the 3rd quarter worth approximately $93,000.

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.