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

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 6,946 shares, a decrease of 36.7% from the December 15th total of 10,976 shares. Based on an average trading volume of 144,470 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 144,470 shares, the short-interest ratio is currently 0.0 days.

PIMCO New York Municipal Income Fund II Trading Down 0.3%

NYSE PNI traded down $0.02 during trading hours on Friday, reaching $7.05. 50,451 shares of the company traded hands, compared to its average volume of 36,777. PIMCO New York Municipal Income Fund II has a 12 month low of $6.43 and a 12 month high of $7.47. The company has a 50 day moving average of $6.93 and a two-hundred day moving average of $6.83.

PIMCO New York Municipal Income Fund II Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be paid a $0.0295 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, January 13th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in shares of PIMCO New York Municipal Income Fund II in the 3rd quarter worth approximately $68,000. Envestnet Asset Management Inc. bought a new position in PIMCO New York Municipal Income Fund II during the second quarter worth $79,000. Catalina Capital Group LLC bought a new position in PIMCO New York Municipal Income Fund II during the second quarter worth $100,000. Focus Partners Advisor Solutions LLC acquired a new position in PIMCO New York Municipal Income Fund II in the second quarter worth $108,000. Finally, Baird Financial Group Inc. bought a new stake in PIMCO New York Municipal Income Fund II during the second quarter valued at $117,000.

About PIMCO New York Municipal Income Fund II

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.