Large Inflow of Money Witnessed in Pimco Municipal Income Fund II

Pimco Municipal Income Fund II (NYSE:PML) : On Wednesday, The money flowed into the Pimco Municipal Income Fund II (NYSE:PML) stock with an uptick to downtick ratio was recorded at 1.68. Transactions worth $0.67 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.4 million. The total money flow into the stock was $0.27 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.01 million of block transactions on upticks. The total money flow in block trades was $0.01 million. In terms of price action, Pimco Municipal Income Fund II (NYSE:PML) traded down $0 during the session at $13.99. Compared to the previous days closing, the stock was down only by 0%. For the week, the stock is 0.94%, over previous weeks closing.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Pimco Municipal Income Fund Ii, Ogden William B Iv, had purchased 4,600 shares in a transaction dated on November 10, 2015. The transaction was executed at $12.02 per share with total amount equaling $55,292.

Pimco Municipal Income Fund II (NYSE:PML): The stock opened at $14.02 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.02 for the day. The stock traded down to $13.97 during the day, due to lack of any buying support eventually closed down at $13.98 with a loss of -0.07% for the day. The stock had closed at $13.99 on the previous day. The total traded volume was 130,833 shares.

PIMCO Municipal Income Fund II is a diversified closed-end management investment fund. The Funds primary investment objective is to seek current income exempt from federal income tax. The Fund invests at least 90% of its net assets (and at least 80% of its net assets, as well as any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from federal income tax. The Fund makes investments in sectors, such as state and local governments, pre-refunded, education, hospital, housing, lease, power, transportation, water and sewer, tobacco, and industrial development and pollution control. The Funds investment manager is Pacific Investment Management Company LLC.

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