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

PIMCO New York Municipal Income Fund (NYSE:PNF) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 7,800 shares, an increase of 875.0% from the December 15th total of 800 shares. Based on an average daily volume of 33,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PNF. PFG Investments LLC acquired a new stake in PIMCO New York Municipal Income Fund in the 3rd quarter valued at $102,000. Wolverine Asset Management LLC increased its position in shares of PIMCO New York Municipal Income Fund by 22.8% during the third quarter. Wolverine Asset Management LLC now owns 34,313 shares of the company’s stock valued at $285,000 after buying an additional 6,373 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings in shares of PIMCO New York Municipal Income Fund by 71.6% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,956 shares of the company’s stock worth $489,000 after buying an additional 24,599 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of PIMCO New York Municipal Income Fund by 69.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 88,401 shares of the company’s stock worth $734,000 after acquiring an additional 36,079 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of PIMCO New York Municipal Income Fund by 730.0% in the 3rd quarter. International Assets Investment Management LLC now owns 116,632 shares of the company’s stock valued at $968,000 after acquiring an additional 102,580 shares during the last quarter.

PIMCO New York Municipal Income Fund Stock Down 1.2 %

PNF traded down $0.09 during trading on Monday, hitting $7.33. 29,486 shares of the stock traded hands, compared to its average volume of 28,169. PIMCO New York Municipal Income Fund has a twelve month low of $7.32 and a twelve month high of $8.40. The business has a 50 day moving average price of $7.76 and a 200 day moving average price of $7.94.

PIMCO New York Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a dividend of $0.0335 per share. The ex-dividend date of this dividend is Monday, January 13th. This represents a $0.40 dividend on an annualized basis and a yield of 5.48%.

PIMCO New York Municipal Income Fund Company Profile

PIMCO New York Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It seeks to invest in stocks of companies operating across diversified sectors.