PIMCO Municipal Income Fund III (NYSE:PMX) Short Interest Up 69.7% in April

PIMCO Municipal Income Fund III (NYSE:PMX) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 125,400 shares, a growth of 69.7% from the March 31st total of 73,900 shares. Based on an average trading volume of 102,700 shares, the days-to-cover ratio is presently 1.2 days.

PIMCO Municipal Income Fund III Stock Up 0.1 %

Shares of NYSE:PMX opened at $7.52 on Friday. PIMCO Municipal Income Fund III has a 1-year low of $6.09 and a 1-year high of $8.22. The firm’s 50 day simple moving average is $7.48 and its two-hundred day simple moving average is $7.26.

PIMCO Municipal Income Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, April 11th will be paid a dividend of $0.033 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date is Wednesday, April 10th.

Institutional Investors Weigh In On PIMCO Municipal Income Fund III

Institutional investors have recently bought and sold shares of the business. UMB Bank n.a. bought a new position in shares of PIMCO Municipal Income Fund III in the fourth quarter worth about $27,000. Centurion Wealth Management LLC purchased a new position in PIMCO Municipal Income Fund III in the 3rd quarter worth approximately $82,000. Spire Wealth Management lifted its holdings in PIMCO Municipal Income Fund III by 4,423.1% in the 3rd quarter. Spire Wealth Management now owns 12,936 shares of the investment management company’s stock worth $84,000 after purchasing an additional 12,650 shares in the last quarter. Moody National Bank Trust Division purchased a new position in PIMCO Municipal Income Fund III in the 4th quarter worth approximately $119,000. Finally, Karpus Management Inc. purchased a new position in PIMCO Municipal Income Fund III in the 3rd quarter worth approximately $123,000.

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.