PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Down 34.8% in April

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 20,189 shares, a decline of 34.8% from the March 31st total of 30,966 shares. Based on an average daily trading volume, of 34,065 shares, the days-to-cover ratio is currently 0.6 days.

PIMCO New York Municipal Income Fund II Trading Up 0.6%

PIMCO New York Municipal Income Fund II stock traded up $0.04 on Thursday, hitting $6.99. The company’s stock had a trading volume of 13,144 shares, compared to its average volume of 49,155. The company has a fifty day moving average price of $6.96 and a 200-day moving average price of $6.97. PIMCO New York Municipal Income Fund II has a one year low of $6.43 and a one year high of $7.20.

PIMCO New York Municipal Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Monday, April 13th will be paid a $0.0295 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Monday, April 13th.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter valued at $68,000. Envestnet Asset Management Inc. bought a new stake in PIMCO New York Municipal Income Fund II during the 2nd quarter worth about $79,000. Baird Financial Group Inc. bought a new stake in PIMCO New York Municipal Income Fund II during the 2nd quarter worth about $117,000. Maltin Wealth Management Inc. bought a new stake in PIMCO New York Municipal Income Fund II during the 1st quarter worth about $150,000. Finally, Catalina Capital Group LLC bought a new stake in PIMCO New York Municipal Income Fund II during the 1st quarter worth about $180,000.

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.