PIMCO New York Municipal Income Fund II (NYSE:PNI) Sees Large Growth in Short Interest

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 10,976 shares, an increase of 48.8% from the November 30th total of 7,377 shares. Based on an average daily volume of 98,147 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 98,147 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of PIMCO New York Municipal Income Fund II stock traded up $0.01 on Monday, hitting $6.89. 158,581 shares of the company traded hands, compared to its average volume of 57,644. PIMCO New York Municipal Income Fund II has a 12-month low of $6.43 and a 12-month high of $7.47. The firm’s 50-day simple moving average is $6.94 and its 200 day simple moving average is $6.80.

PIMCO New York Municipal Income Fund II Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a dividend of $0.0295 per share. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 5.1%.

Institutional Trading of PIMCO New York Municipal Income Fund II

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its position in shares of 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 buying an additional 273,530 shares during the last quarter. Matisse Capital boosted its holdings in PIMCO New York Municipal Income Fund II by 3.1% in the second quarter. Matisse Capital now owns 257,835 shares of the company’s stock valued at $1,733,000 after acquiring an additional 7,835 shares in the last quarter. Guggenheim Capital LLC increased its position in PIMCO New York Municipal Income Fund II by 10.3% during the 2nd quarter. Guggenheim Capital LLC now owns 246,809 shares of the company’s stock valued at $1,659,000 after purchasing an additional 23,036 shares during the period. Riverbridge Partners LLC raised its holdings in PIMCO New York Municipal Income Fund II by 20.1% in the 3rd quarter. Riverbridge Partners LLC now owns 134,993 shares of the company’s stock worth $938,000 after purchasing an additional 22,622 shares in the last quarter. Finally, Beckerman Institutional LLC raised 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 in the last quarter.

PIMCO New York Municipal Income Fund II Company Profile

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.