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

PIMCO New York Municipal Income Fund II (NYSE:PNI) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 8,300 shares, a drop of 30.3% from the January 31st total of 11,900 shares. Based on an average trading volume of 63,300 shares, the short-interest ratio is currently 0.1 days.

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

A number of large investors have recently bought and sold shares of the company. Beckerman Institutional LLC acquired a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter valued at approximately $120,000. Wolverine Asset Management LLC lifted its position in PIMCO New York Municipal Income Fund II by 122.8% during the third quarter. Wolverine Asset Management LLC now owns 65,307 shares of the company’s stock valued at $515,000 after purchasing an additional 35,993 shares during the period. Riverbridge Partners LLC acquired a new position in PIMCO New York Municipal Income Fund II during the fourth quarter valued at $708,000. Morse Asset Management Inc purchased a new stake in PIMCO New York Municipal Income Fund II in the third quarter valued at $182,000. Finally, Noble Wealth Management PBC acquired a new stake in PIMCO New York Municipal Income Fund II during the 4th quarter worth about $446,000.

PIMCO New York Municipal Income Fund II Stock Performance

PNI traded down $0.11 on Tuesday, reaching $7.32. 78,726 shares of the stock were exchanged, compared to its average volume of 54,752. The company’s 50-day moving average price is $7.24 and its 200 day moving average price is $7.45. PIMCO New York Municipal Income Fund II has a fifty-two week low of $6.96 and a fifty-two week high of $7.96.

PIMCO New York Municipal Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be issued a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Thursday, March 13th.

About PIMCO New York Municipal Income Fund II

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.