PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Down 23.2% in December

PIMCO New York Municipal Income Fund II (NYSE:PNI) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 14,900 shares, a decline of 23.2% from the November 30th total of 19,400 shares. Based on an average trading volume of 59,900 shares, the days-to-cover ratio is presently 0.2 days.

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

Hedge funds have recently modified their holdings of the business. Beckerman Institutional LLC acquired a new stake in PIMCO New York Municipal Income Fund II in the third quarter valued at approximately $120,000. Morse Asset Management Inc purchased a new stake in PIMCO New York Municipal Income Fund II in the 3rd quarter worth approximately $182,000. Wolverine Asset Management LLC grew its position in PIMCO New York Municipal Income Fund II by 365.4% during the second quarter. Wolverine Asset Management LLC now owns 29,314 shares of the company’s stock worth $217,000 after buying an additional 23,015 shares in the last quarter. Palumbo Wealth Management LLC bought a new position in shares of PIMCO New York Municipal Income Fund II in the third quarter worth approximately $487,000. Finally, Logan Stone Capital LLC lifted its stake in PIMCO New York Municipal Income Fund II by 11.7% during the second quarter. Logan Stone Capital LLC now owns 82,576 shares of the company’s stock worth $612,000 after purchasing an additional 8,651 shares during the last quarter.

PIMCO New York Municipal Income Fund II Trading Down 0.3 %

Shares of NYSE PNI opened at $7.15 on Friday. The business’s 50 day moving average is $7.40 and its 200-day moving average is $7.52. PIMCO New York Municipal Income Fund II has a 1-year low of $7.07 and a 1-year high of $7.96.

PIMCO New York Municipal Income Fund II Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.0295 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.35 annualized dividend and a dividend yield of 4.95%.

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.