PIMCO Municipal Income Fund III (NYSE:PMX – Get Free Report) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 94,000 shares, a growth of 24.5% from the May 15th total of 75,500 shares. Based on an average trading volume of 100,200 shares, the short-interest ratio is presently 0.9 days.
PIMCO Municipal Income Fund III Stock Down 0.5 %
Shares of NYSE:PMX opened at $7.62 on Friday. PIMCO Municipal Income Fund III has a 52-week low of $6.09 and a 52-week high of $8.13. The stock’s 50-day moving average is $7.47 and its 200-day moving average is $7.46.
PIMCO Municipal Income Fund III Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Thursday, June 13th will be issued a dividend of $0.033 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.20%.
Institutional Investors Weigh In On PIMCO Municipal Income Fund III
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.
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