PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Up 605.9% in November

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 12,000 shares, an increase of 605.9% from the October 31st total of 1,700 shares. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is presently 0.3 days.

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

Several large investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its stake in PIMCO New York Municipal Income Fund II by 1.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 201,853 shares of the company’s stock worth $1,496,000 after acquiring an additional 3,431 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in PIMCO New York Municipal Income Fund II by 365.4% during the second quarter. Wolverine Asset Management LLC now owns 29,314 shares of the company’s stock worth $217,000 after acquiring an additional 23,015 shares in the last quarter. Matisse Capital boosted its stake in PIMCO New York Municipal Income Fund II by 29.2% during the second quarter. Matisse Capital now owns 128,524 shares of the company’s stock worth $952,000 after acquiring an additional 29,017 shares in the last quarter. Palumbo Wealth Management LLC bought a new position in PIMCO New York Municipal Income Fund II during the third quarter worth $487,000. Finally, Beckerman Institutional LLC bought a new position in PIMCO New York Municipal Income Fund II during the third quarter worth $120,000.

PIMCO New York Municipal Income Fund II Trading Up 0.8 %

NYSE PNI traded up $0.06 on Wednesday, hitting $7.47. The company’s stock had a trading volume of 108,196 shares, compared to its average volume of 32,283. PIMCO New York Municipal Income Fund II has a 1-year low of $7.03 and a 1-year high of $7.96. The company’s 50-day moving average is $7.58 and its 200 day moving average is $7.51.

PIMCO New York Municipal Income Fund II Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.0295 dividend. This represents a $0.35 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Tuesday, November 12th.

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.