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 growth in short interest in the month of December. As of December 15th, there was short interest totaling 10,976 shares, a growth of 48.8% from the November 30th total of 7,377 shares. Based on an average daily trading volume, of 98,147 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 98,147 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC bought a new stake in PIMCO New York Municipal Income Fund II in the 2nd quarter worth approximately $108,000. Beckerman Institutional LLC lifted its holdings in shares of PIMCO New York Municipal Income Fund II by 47.7% during the 2nd quarter. Beckerman Institutional LLC now owns 57,744 shares of the company’s stock valued at $388,000 after buying an additional 18,640 shares during the period. Catalina Capital Group LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II in the 2nd quarter worth $100,000. Riverbridge Partners LLC grew 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 worth $755,000 after acquiring an additional 4,268 shares during the period. Finally, Almitas Capital LLC purchased a new stake in PIMCO New York Municipal Income Fund II during the first quarter valued at $327,000.

PIMCO New York Municipal Income Fund II Trading Up 0.1%

NYSE PNI traded up $0.01 during trading hours on Monday, reaching $6.89. 158,581 shares of the company’s stock traded hands, compared to its average volume of 57,644. PIMCO New York Municipal Income Fund II has a 52-week low of $6.43 and a 52-week high of $7.47. The firm has a 50-day simple moving average of $6.94 and a 200 day simple moving average of $6.80.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.0295 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, December 11th.

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.