PIMCO Municipal Income Fund III (NYSE:PMX) Sees Large Decrease in Short Interest

PIMCO Municipal Income Fund III (NYSE:PMX) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 37,000 shares, a drop of 20.8% from the February 28th total of 46,700 shares. Based on an average daily volume of 112,100 shares, the short-interest ratio is currently 0.3 days.

PIMCO Municipal Income Fund III Stock Up 0.4 %

Shares of PIMCO Municipal Income Fund III stock opened at $7.10 on Monday. PIMCO Municipal Income Fund III has a 1-year low of $7.07 and a 1-year high of $8.52. The firm’s 50-day moving average price is $7.35 and its two-hundred day moving average price is $7.65.

PIMCO Municipal Income Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.033 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 5.58%.

Hedge Funds Weigh In On PIMCO Municipal Income Fund III

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new stake in shares of PIMCO Municipal Income Fund III in the third quarter valued at $361,000. Integrated Capital Management Inc. grew its holdings in PIMCO Municipal Income Fund III by 7.8% during the 4th quarter. Integrated Capital Management Inc. now owns 25,387 shares of the investment management company’s stock worth $187,000 after acquiring an additional 1,841 shares during the last quarter. Park Avenue Securities LLC increased its position in PIMCO Municipal Income Fund III by 6.3% in the 4th quarter. Park Avenue Securities LLC now owns 126,068 shares of the investment management company’s stock valued at $928,000 after acquiring an additional 7,490 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of 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 worth $6,363,000 after acquiring an additional 60,052 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC acquired a new position in shares of PIMCO Municipal Income Fund III during the fourth quarter worth approximately $132,000.

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.