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

PIMCO New York Municipal Income Fund II (NYSE:PNI) saw a significant decline in short interest in 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 volume of 45,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of PIMCO New York Municipal Income Fund II

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wolverine Asset Management LLC grew its position 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 in the last quarter. Palumbo Wealth Management LLC bought a new position in PIMCO New York Municipal Income Fund II during the third quarter valued at $487,000. Logan Stone Capital LLC lifted its stake in PIMCO New York Municipal Income Fund II by 11.7% in the second quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock worth $612,000 after purchasing an additional 8,651 shares during the last quarter. Matisse Capital boosted its holdings in PIMCO New York Municipal Income Fund II by 29.2% during the 2nd quarter. Matisse Capital now owns 128,524 shares of the company’s stock valued at $952,000 after acquiring an additional 29,017 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of 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 worth $1,472,000 after purchasing an additional 18,968 shares during the last quarter.

PIMCO New York Municipal Income Fund II Stock Down 0.5 %

Shares of PNI stock traded down $0.04 during trading hours on Tuesday, reaching $7.40. 72,022 shares of the company traded hands, compared to its average volume of 30,263. The firm has a 50-day moving average price of $7.68 and a 200 day moving average price of $7.48. PIMCO New York Municipal Income Fund II has a 12-month low of $6.05 and a 12-month high of $7.96.

PIMCO New York Municipal Income Fund II Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 11th will be issued a dividend of $0.0295 per share. 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.