PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Down 56.5% in September

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 13,800 shares, a decrease of 56.5% from the August 31st total of 31,700 shares. Based on an average daily volume of 58,500 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 58,500 shares, the days-to-cover ratio is presently 0.2 days.

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

Several large investors have recently modified their holdings of the company. Blue Bell Private Wealth Management LLC boosted its holdings in shares of PIMCO New York Municipal Income Fund II by 29.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 7,110 shares of the company’s stock valued at $50,000 after acquiring an additional 1,600 shares during the period. Morse Asset Management Inc boosted its holdings in shares of PIMCO New York Municipal Income Fund II by 7.4% in the first quarter. Morse Asset Management Inc now owns 43,777 shares of the company’s stock valued at $310,000 after acquiring an additional 2,998 shares during the period. Riverbridge Partners LLC boosted its holdings in shares of PIMCO New York Municipal Income Fund II by 3.9% in the second quarter. Riverbridge Partners LLC now owns 112,371 shares of the company’s stock valued at $755,000 after acquiring an additional 4,268 shares during the period. Matisse Capital boosted its holdings in shares of PIMCO New York Municipal Income Fund II by 3.1% in the second quarter. Matisse Capital now owns 257,835 shares of the company’s stock valued at $1,733,000 after acquiring an additional 7,835 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of PIMCO New York Municipal Income Fund II in the first quarter valued at approximately $79,000.

PIMCO New York Municipal Income Fund II Price Performance

PNI stock opened at $6.97 on Friday. PIMCO New York Municipal Income Fund II has a twelve month low of $6.43 and a twelve month high of $7.80. The business has a 50 day simple moving average of $6.70 and a 200-day simple moving average of $6.75.

PIMCO New York Municipal Income Fund II Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Tuesday, October 14th will be issued a $0.0295 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, October 14th.

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.