PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Up 266.3% in February

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 30,400 shares, an increase of 266.3% from the February 13th total of 8,300 shares. Based on an average daily volume of 61,400 shares, the short-interest ratio is presently 0.5 days.

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

Hedge funds have recently bought and sold shares of the company. Blue Bell Private Wealth Management LLC acquired a new position in shares of PIMCO New York Municipal Income Fund II during the fourth quarter valued at about $39,000. Wells Fargo & Company MN grew its holdings in shares of PIMCO New York Municipal Income Fund II by 39.4% during 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 grew its holdings in shares of PIMCO New York Municipal Income Fund II by 49.2% during 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 grew its holdings in shares of PIMCO New York Municipal Income Fund II by 6.2% during the fourth quarter. Guggenheim Capital LLC now owns 206,950 shares of the company’s stock valued at $1,482,000 after buying an additional 12,042 shares during the last quarter. Finally, Morse Asset Management Inc boosted its holdings 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 purchasing an additional 17,767 shares during the last quarter.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of NYSE PNI traded down $0.05 during trading hours on Friday, hitting $7.16. 11,738 shares of the stock were exchanged, compared to its average volume of 41,749. The company’s fifty day simple moving average is $7.26 and its two-hundred day simple moving average is $7.44. PIMCO New York Municipal Income Fund II has a 1-year low of $6.96 and a 1-year high of $7.96.

PIMCO New York Municipal Income Fund II Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be given a $0.0295 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.35 dividend on an annualized basis and a yield of 4.95%.

PIMCO New York Municipal Income Fund II Company Profile

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.