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

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 73,080 shares, an increase of 872.1% from the February 12th total of 7,518 shares. Based on an average trading volume of 41,801 shares, the short-interest ratio is currently 1.7 days. Based on an average trading volume of 41,801 shares, the short-interest ratio is currently 1.7 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Karpus Management Inc. lifted its holdings in shares of PIMCO New York Municipal Income Fund II by 23.8% during the 4th quarter. Karpus Management Inc. now owns 654,456 shares of the company’s stock worth $4,509,000 after acquiring an additional 125,959 shares during the period. Riverbridge Partners LLC grew its position in PIMCO New York Municipal Income Fund II by 50.1% in the fourth quarter. Riverbridge Partners LLC now owns 202,579 shares of the company’s stock valued at $1,396,000 after acquiring an additional 67,586 shares during the period. Geneos Wealth Management Inc. bought a new stake in PIMCO New York Municipal Income Fund II in the third quarter valued at $68,000. Hennion & Walsh Asset Management Inc. raised its stake in PIMCO New York Municipal Income Fund II by 189.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 417,718 shares of the company’s stock worth $2,903,000 after acquiring an additional 273,530 shares in the last quarter. Finally, Dopkins Wealth Management LLC raised its stake in PIMCO New York Municipal Income Fund II by 83.8% during the third quarter. Dopkins Wealth Management LLC now owns 28,646 shares of the company’s stock worth $199,000 after acquiring an additional 13,061 shares in the last quarter.

PIMCO New York Municipal Income Fund II Price Performance

Shares of NYSE:PNI traded up $0.07 during trading on Wednesday, hitting $7.04. 812 shares of the stock were exchanged, compared to its average volume of 56,041. PIMCO New York Municipal Income Fund II has a 1-year low of $6.43 and a 1-year high of $7.35. The company’s fifty day simple moving average is $7.03 and its 200-day simple moving average is $6.95.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 12th will be paid a dividend of $0.0295 per share. The ex-dividend date is Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 5.0%.

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.