PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Update

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 15,800 shares, a decline of 35.0% from the September 30th total of 24,300 shares. Based on an average daily trading volume, of 45,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of PIMCO New York Municipal Income Fund II

Several institutional investors and hedge funds have recently bought and sold shares of PNI. Wolverine Asset Management LLC raised its holdings in shares of PIMCO New York Municipal Income Fund II by 365.4% during the second quarter. Wolverine Asset Management LLC now owns 29,314 shares of the company’s stock worth $217,000 after purchasing an additional 23,015 shares during the period. Palumbo Wealth Management LLC bought a new stake in shares of PIMCO New York Municipal Income Fund II during the 3rd quarter valued at about $487,000. Logan Stone Capital LLC raised its stake in PIMCO New York Municipal Income Fund II by 11.7% during the second quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock worth $612,000 after acquiring an additional 8,651 shares during the period. Matisse Capital lifted its holdings in PIMCO New York Municipal Income Fund II by 29.2% in the second quarter. Matisse Capital now owns 128,524 shares of the company’s stock worth $952,000 after acquiring an additional 29,017 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in PIMCO New York Municipal Income Fund II by 10.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 198,422 shares of the company’s stock valued at $1,472,000 after acquiring an additional 18,968 shares during the period.

PIMCO New York Municipal Income Fund II Price Performance

Shares of PNI traded down $0.04 during midday trading on Tuesday, hitting $7.40. The company had a trading volume of 72,022 shares, compared to its average volume of 30,263. The company’s 50 day moving average price is $7.68 and its 200 day moving average price is $7.48. PIMCO New York Municipal Income Fund II has a 52 week low of $6.05 and a 52 week high of $7.96.

PIMCO New York Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be issued a $0.0295 dividend. This represents a $0.35 annualized dividend and a yield of 4.79%. The ex-dividend date is Friday, October 11th.

PIMCO New York Municipal Income Fund II Company Profile

PIMCO New York Municipal Income Fund II is a closed-ended fixed income mutual fund launched and managed by Pacific Investment Management Company LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in municipal bonds that pay interest that is exempt from federal, New York State, and New York City income tax.