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 significant increase in short interest in February. As of February 13th, there was short interest totaling 7,518 shares, an increase of 80.8% from the January 29th total of 4,159 shares. Based on an average trading volume of 89,831 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 89,831 shares, the days-to-cover ratio is currently 0.1 days.

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

Several institutional investors have recently bought and sold shares of PNI. Focus Partners Advisor Solutions LLC bought a new stake in shares of PIMCO New York Municipal Income Fund II during the 2nd quarter worth about $108,000. Hennion & Walsh Asset Management Inc. lifted its holdings in PIMCO New York Municipal Income Fund II by 189.7% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 417,718 shares of the company’s stock worth $2,903,000 after purchasing an additional 273,530 shares during the last quarter. Beckerman Institutional LLC lifted its holdings in PIMCO New York Municipal Income Fund II by 47.7% in the 2nd quarter. Beckerman Institutional LLC now owns 57,744 shares of the company’s stock worth $388,000 after purchasing an additional 18,640 shares during the last quarter. Karpus Management Inc. grew its holdings in PIMCO New York Municipal Income Fund II by 23.8% during the fourth quarter. Karpus Management Inc. now owns 654,456 shares of the company’s stock valued at $4,509,000 after purchasing an additional 125,959 shares during the last quarter. Finally, Whitebox Advisors LLC acquired a new position in PIMCO New York Municipal Income Fund II during the second quarter valued at approximately $310,000.

PIMCO New York Municipal Income Fund II Price Performance

NYSE PNI traded up $0.02 during trading on Friday, reaching $7.18. The company’s stock had a trading volume of 19,782 shares, compared to its average volume of 54,674. PIMCO New York Municipal Income Fund II has a 1-year low of $6.43 and a 1-year high of $7.47. The business has a 50-day moving average price of $7.01 and a 200-day moving average price of $6.92.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be issued a $0.0295 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 4.9%.

About PIMCO New York Municipal Income Fund II

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.