PIMCO Municipal Income Fund III (NYSE:PMX) Short Interest Update

PIMCO Municipal Income Fund III (NYSE:PMX) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 46,700 shares, an increase of 228.9% from the February 13th total of 14,200 shares. Based on an average daily trading volume, of 120,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On PIMCO Municipal Income Fund III

A number of hedge funds and other institutional investors have recently made changes to their positions in PMX. Wells Fargo & Company MN raised its position in shares of PIMCO Municipal Income Fund III by 67.1% in the fourth quarter. Wells Fargo & Company MN now owns 534,268 shares of the investment management company’s stock valued at $3,932,000 after buying an additional 214,591 shares in the last quarter. Raymond James Financial Inc. bought a new position in PIMCO Municipal Income Fund III in the fourth quarter valued at approximately $1,287,000. Advisors Asset Management Inc. increased its stake in PIMCO Municipal Income Fund III by 16.2% in the third quarter. Advisors Asset Management Inc. now owns 641,135 shares of the investment management company’s stock valued at $5,296,000 after acquiring an additional 89,512 shares during the last quarter. Guggenheim Capital LLC increased its stake in PIMCO Municipal Income Fund III by 13.5% in the fourth quarter. Guggenheim Capital LLC now owns 726,528 shares of the investment management company’s stock valued at $5,347,000 after acquiring an additional 86,535 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in PIMCO Municipal Income Fund III by 7.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 864,517 shares of the investment management company’s stock valued at $6,363,000 after acquiring an additional 60,052 shares during the last quarter.

PIMCO Municipal Income Fund III Trading Up 0.0 %

NYSE PMX opened at $7.25 on Friday. PIMCO Municipal Income Fund III has a 1-year low of $7.09 and a 1-year high of $8.52. The company has a 50 day moving average of $7.37 and a 200-day moving average of $7.71.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th will be given a $0.033 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.46%.

PIMCO Municipal Income Fund III Company Profile

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.