PIMCO New York Municipal Income Fund II (NYSE:PNI) Stock Short Interest Report for September

PIMCO New York Municipal Income Fund II (NYSE:PNI) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 31,847 shares, an increase of 72.3% from the September 15th total of 18,484 shares. Based on an average trading volume of 67,530 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of PIMCO New York Municipal Income Fund II

Several large investors have recently bought and sold shares of the stock. Rivernorth Capital Management LLC acquired a new position in PIMCO New York Municipal Income Fund II during the 1st quarter valued at approximately $7,246,000. Almitas Capital LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II in the second quarter worth $3,314,000. Saba Capital Management L.P. acquired a new stake in shares of PIMCO New York Municipal Income Fund II during the first quarter worth $2,974,000. Whitebox Advisors LLC acquired a new stake in PIMCO New York Municipal Income Fund II during the 1st quarter worth about $2,658,000. Finally, Bank of New York Mellon Corp purchased a new stake in PIMCO New York Municipal Income Fund II in the first quarter valued at approximately $1,061,000.

PIMCO New York Municipal Income Fund II Trading Up 1.2%

NYSE PNI traded up $0.07 during trading on Friday, reaching $6.30. 101,843 shares of the company’s stock traded hands, compared to its average volume of 62,769. PIMCO New York Municipal Income Fund II has a 12-month low of $5.96 and a 12-month high of $7.20. The company’s 50 day simple moving average is $6.52 and its two-hundred day simple moving average is $6.81.

PIMCO New York Municipal Income Fund II Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Tuesday, October 13th will be paid a $0.0295 dividend. The ex-dividend date is Tuesday, October 13th. This represents a $0.35 dividend on an annualized basis and a yield of 5.6%.

PIMCO New York Municipal Income Fund II Company Profile

PIMCO New York Municipal Income Fund II is a closed-end fund listed on the New York Stock Exchange under the symbol PNI. The fund seeks to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes.

The fund invests primarily in municipal bonds and other fixed-income securities issued by or on behalf of states, municipalities, and other public entities. Its portfolio may include general obligation bonds, revenue bonds, and other tax-exempt securities financing public services and infrastructure in New York and other municipal markets.

PNI is managed by PIMCO, an investment management firm specializing in fixed income.