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 decrease in short interest in December. As of December 15th, there was short interest totalling 14,900 shares, a decrease 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

Several large investors have recently made changes to their positions in the business. Beckerman Institutional LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II in the third quarter worth $120,000. Morse Asset Management Inc bought a new stake in PIMCO New York Municipal Income Fund II in the 3rd quarter valued at $182,000. Wolverine Asset Management LLC lifted its stake in PIMCO New York Municipal Income Fund II by 365.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 29,314 shares of the company’s stock worth $217,000 after purchasing 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 during the 3rd quarter valued at about $487,000. Finally, Logan Stone Capital LLC grew its position in shares of 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 valued at $612,000 after purchasing an additional 8,651 shares in the last quarter.

PIMCO New York Municipal Income Fund II Stock Performance

Shares of NYSE PNI traded down $0.02 during midday trading on Friday, reaching $7.15. The stock had a trading volume of 84,598 shares, compared to its average volume of 35,721. PIMCO New York Municipal Income Fund II has a 12-month low of $7.07 and a 12-month high of $7.96. The stock has a 50-day moving average of $7.40 and a 200-day moving average of $7.52.

PIMCO New York Municipal Income Fund II Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be paid a $0.0295 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.35 dividend on an annualized basis and a 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.