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) saw a significant increase in short interest in the month of 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 trading volume, of 45,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of PIMCO New York Municipal Income Fund II

Institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. raised its holdings in PIMCO New York Municipal Income Fund II by 4.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 211,829 shares of the company’s stock valued at $1,671,000 after buying an additional 9,976 shares during the last quarter. Matisse Capital increased its position in shares of 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 valued at $952,000 after buying an additional 29,017 shares during the period. Logan Stone Capital LLC grew its holdings in shares of PIMCO New York Municipal Income Fund II by 11.7% during the 2nd quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock worth $612,000 after acquiring an additional 8,651 shares during the period. Wolverine Asset Management LLC raised its holdings in PIMCO New York Municipal Income Fund II by 122.8% in the third quarter. Wolverine Asset Management LLC now owns 65,307 shares of the company’s stock worth $515,000 after purchasing an additional 35,993 shares in the last quarter. Finally, Palumbo Wealth Management LLC bought a new position in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter worth about $487,000.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of PNI traded up $0.03 during mid-day trading on Friday, hitting $7.50. The stock had a trading volume of 62,431 shares, compared to its average volume of 32,413. PIMCO New York Municipal Income Fund II has a 52 week low of $7.07 and a 52 week high of $7.96. The business has a fifty day moving average price of $7.55 and a 200-day moving average price of $7.51.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be issued a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, November 12th.

About PIMCO New York Municipal Income Fund II

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.