PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Up 48.8% in December

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the recipient of a large growth in short interest in 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 Trading of PIMCO New York Municipal Income Fund II

A number of large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in PIMCO New York Municipal Income Fund II during the 3rd quarter worth approximately $68,000. Landscape Capital Management L.L.C. bought a new position in PIMCO New York Municipal Income Fund II in the 1st quarter worth about $79,000. Envestnet Asset Management Inc. purchased a new position in shares of PIMCO New York Municipal Income Fund II during the second quarter worth about $79,000. Catalina Capital Group LLC bought a new stake in PIMCO New York Municipal Income Fund II during the second quarter valued at approximately $100,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of PIMCO New York Municipal Income Fund II during the 2nd quarter valued at $108,000.

PIMCO New York Municipal Income Fund II Stock Up 0.1%

Shares of NYSE PNI traded up $0.01 during mid-day trading on Wednesday, reaching $6.90. 130,731 shares of the company’s stock traded hands, compared to its average volume of 58,206. PIMCO New York Municipal Income Fund II has a 1-year low of $6.43 and a 1-year high of $7.47. The business has a 50-day simple moving average of $6.93 and a 200 day simple moving average of $6.80.

PIMCO New York Municipal Income Fund II Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 5.1%.

About PIMCO New York Municipal Income Fund II

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.