PIMCO New York Municipal Income Fund II (NYSE:PNI) Sees Large Increase in Short Interest

PIMCO New York Municipal Income Fund II (NYSE:PNI) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 10,976 shares, a growth of 48.8% from the November 30th total of 7,377 shares. Based on an average daily trading volume, of 98,147 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 98,147 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On PIMCO New York Municipal Income Fund II

Large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. boosted its stake in PIMCO New York Municipal Income Fund II by 189.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 417,718 shares of the company’s stock valued at $2,903,000 after buying an additional 273,530 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new position in shares of PIMCO New York Municipal Income Fund II during the 2nd quarter valued at approximately $325,000. Whitebox Advisors LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II in the second quarter valued at $310,000. Almitas Capital LLC bought a new stake in PIMCO New York Municipal Income Fund II in the first quarter worth $327,000. Finally, Guggenheim Capital LLC raised its stake in PIMCO New York Municipal Income Fund II by 10.3% during the second quarter. Guggenheim Capital LLC now owns 246,809 shares of the company’s stock valued at $1,659,000 after purchasing an additional 23,036 shares in the last quarter.

PIMCO New York Municipal Income Fund II Stock Up 0.1%

NYSE PNI traded up $0.01 during trading hours on Tuesday, reaching $6.90. The company’s stock had a trading volume of 151,770 shares, compared to its average volume of 58,037. PIMCO New York Municipal Income Fund II has a 1 year low of $6.43 and a 1 year high of $7.47. The firm’s 50-day moving average price is $6.94 and its 200-day moving average price is $6.80.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be paid a $0.0295 dividend. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a yield of 5.1%.

PIMCO New York Municipal Income Fund II Company Profile

PIMCO New York Municipal Income Fund II (NYSE: PNI) is a closed-end management investment company that seeks to provide a high level of current income exempt from both federal and New York State income taxes. The fund is managed by Pacific Investment Management Company LLC (PIMCO), a global fixed income investment firm. PNI invests primarily in investment-grade municipal obligations issued by or on behalf of the state of New York, its municipalities and related public authorities.

The fund’s portfolio is constructed with a focus on New York state general obligation and revenue bonds, including transportation, education, healthcare and utility-backed securities.