PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Up 266.3% in February

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 30,400 shares, an increase of 266.3% from the February 13th total of 8,300 shares. Based on an average daily volume of 61,400 shares, the short-interest ratio is presently 0.5 days.

PIMCO New York Municipal Income Fund II Price Performance

NYSE PNI traded down $0.05 on Friday, reaching $7.16. The company had a trading volume of 11,738 shares, compared to its average volume of 41,749. PIMCO New York Municipal Income Fund II has a 1-year low of $6.96 and a 1-year high of $7.96. The company’s fifty day moving average is $7.26 and its 200-day moving average is $7.44.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Thursday, March 13th will be paid a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Thursday, March 13th.

Hedge Funds Weigh In On PIMCO New York Municipal Income Fund II

Large investors have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC acquired a new position in shares of PIMCO New York Municipal Income Fund II during the 4th quarter worth about $39,000. Beckerman Institutional LLC raised its holdings in shares of PIMCO New York Municipal Income Fund II by 49.2% in the 4th quarter. Beckerman Institutional LLC now owns 22,715 shares of the company’s stock valued at $163,000 after purchasing an additional 7,488 shares during the period. Morse Asset Management Inc bought a new stake in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter valued at about $182,000. Wells Fargo & Company MN raised its holdings in shares of PIMCO New York Municipal Income Fund II by 39.4% in the 4th quarter. Wells Fargo & Company MN now owns 24,243 shares of the company’s stock valued at $174,000 after purchasing an additional 6,850 shares during the period. Finally, Noble Wealth Management PBC bought a new stake in shares of PIMCO New York Municipal Income Fund II in the 4th quarter valued at about $446,000.

PIMCO New York Municipal Income Fund II Company Profile

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.