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

PIMCO New York Municipal Income Fund II (NYSE:PNI) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 30,966 shares, a growth of 194.3% from the March 15th total of 10,523 shares. Based on an average daily volume of 49,099 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PNI. Envestnet Asset Management Inc. purchased a new position in shares of PIMCO New York Municipal Income Fund II in the second quarter valued at approximately $79,000. Baird Financial Group Inc. acquired a new position in PIMCO New York Municipal Income Fund II during the 2nd quarter worth $117,000. Whitebox Advisors LLC acquired a new position in PIMCO New York Municipal Income Fund II during the 2nd quarter worth $310,000. Dopkins Wealth Management LLC grew its stake in PIMCO New York Municipal Income Fund II by 83.8% during the 3rd quarter. Dopkins Wealth Management LLC now owns 28,646 shares of the company’s stock worth $199,000 after purchasing an additional 13,061 shares in the last quarter. Finally, Riverbridge Partners LLC grew its stake in PIMCO New York Municipal Income Fund II by 20.1% during the 3rd quarter. Riverbridge Partners LLC now owns 134,993 shares of the company’s stock worth $938,000 after purchasing an additional 22,622 shares in the last quarter.

PIMCO New York Municipal Income Fund II Trading Down 0.3%

Shares of NYSE PNI traded down $0.02 during midday trading on Friday, hitting $6.98. The company’s stock had a trading volume of 9,434 shares, compared to its average volume of 50,883. The business’s fifty day simple moving average is $6.99 and its two-hundred day simple moving average is $6.97. PIMCO New York Municipal Income Fund II has a 1 year low of $6.43 and a 1 year high of $7.20.

PIMCO New York Municipal Income Fund II Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Monday, April 13th will be paid a $0.0295 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a c) annualized dividend and a dividend 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.