PIMCO Municipal Income Fund (NYSE:PMF) Trading Down – Short Interest Up by 55.63%


Investors are feeling more bearish recently if you pay attention to the uptick in short interest. The firm realized a rise in short interest between August 15, 2017 and August 31, 2017 of 55.63%. Short interest grew 31,488 over that period.

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Robinson Capital Management, LLC had acquired a total of 21,382 shares growing its holdings by 8.7%. The value in dollars went from $3,242,000 to $3,642,000 increasing 12.3% quarter over quarter. Traynor Capital Management, Inc. trimmed its ownership by selling 13,288 shares a decrease of 20.7% as of 06/30/2017. Traynor Capital Management, Inc. owns 51,056 shares valued at $706,000. The value of the position overall is down by 16.8%.

Ubs Group Ag reduced its investment by shedding 722 shares a decrease of 1.9% from 03/31/2017 to 06/30/2017. Ubs Group Ag controls 36,857 shares with a value of $503,000. The total value of its holdings increased 1.2%. Benjamin F. Edwards & Company, Inc. downsized its stake by shedding 6,101 shares a decrease of 13.6%. Benjamin F. Edwards & Company, Inc. now controls 38,677 shares worth $528,000. The total value of its holdings decreased 10.8%.

In the market the company is trading down by 0.21% percent from yesterday’s close. It is currently trading at $14.00 a tad below $14.03, the 50 day moving average and which is slightly above the 200 day moving average of $13.64. The 50 day moving average went down $-0.03 or -0.2003% and the 200 day average moved up $0.36.

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. The fund primarily invests in investment grade municipal bonds. It employs fundamental analysis with a top down stock picking approach to create its portfolio. It conducts in house research using proprietary models. PIMCO Municipal Income Fund was formed on June 29, 2001 and is domiciled in the United States..