PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Update

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 8,300 shares, a decline of 30.3% from the January 31st total of 11,900 shares. Based on an average daily volume of 63,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of PIMCO New York Municipal Income Fund II

Institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC acquired a new position in PIMCO New York Municipal Income Fund II in the 4th quarter valued at $39,000. Wells Fargo & Company MN raised its position in shares of PIMCO New York Municipal Income Fund II by 39.4% in the fourth quarter. Wells Fargo & Company MN now owns 24,243 shares of the company’s stock valued at $174,000 after buying an additional 6,850 shares during the last quarter. Beckerman Institutional LLC raised its position in shares of PIMCO New York Municipal Income Fund II by 49.2% in the fourth quarter. Beckerman Institutional LLC now owns 22,715 shares of the company’s stock valued at $163,000 after buying an additional 7,488 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of PIMCO New York Municipal Income Fund II by 6.2% in the fourth quarter. Guggenheim Capital LLC now owns 206,950 shares of the company’s stock worth $1,482,000 after buying an additional 12,042 shares in the last quarter. Finally, Morse Asset Management Inc boosted its position in PIMCO New York Municipal Income Fund II by 77.2% during the fourth quarter. Morse Asset Management Inc now owns 40,779 shares of the company’s stock worth $292,000 after acquiring an additional 17,767 shares during the last quarter.

PIMCO New York Municipal Income Fund II Stock Down 1.5 %

Shares of PNI traded down $0.11 during mid-day trading on Tuesday, hitting $7.32. 78,726 shares of the company were exchanged, compared to its average volume of 54,752. PIMCO New York Municipal Income Fund II has a 1-year low of $6.96 and a 1-year high of $7.96. The company has a 50 day moving average of $7.24 and a 200-day moving average of $7.45.

PIMCO New York Municipal Income Fund II Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.0295 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.84%.

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.