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

PIMCO New York Municipal Income Fund (NYSE:PNF) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 7,300 shares, an increase of 58.7% from the January 31st total of 4,600 shares. Based on an average daily volume of 36,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On PIMCO New York Municipal Income Fund

Several institutional investors have recently made changes to their positions in PNF. Citadel Advisors LLC bought a new position in shares of PIMCO New York Municipal Income Fund in the fourth quarter worth $92,000. Virtu Financial LLC bought a new position in shares of PIMCO New York Municipal Income Fund in the fourth quarter worth $99,000. Saba Capital Management L.P. bought a new position in shares of PIMCO New York Municipal Income Fund in the fourth quarter worth $110,000. Almitas Capital LLC bought a new position in shares of PIMCO New York Municipal Income Fund in the fourth quarter worth $155,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of PIMCO New York Municipal Income Fund by 22.8% in the third quarter. Wolverine Asset Management LLC now owns 34,313 shares of the company’s stock worth $285,000 after purchasing an additional 6,373 shares during the period.

PIMCO New York Municipal Income Fund Price Performance

PIMCO New York Municipal Income Fund stock traded up $0.04 during trading on Friday, hitting $7.77. The stock had a trading volume of 7,933 shares, compared to its average volume of 25,914. PIMCO New York Municipal Income Fund has a 1 year low of $7.29 and a 1 year high of $8.39. The stock’s 50 day moving average is $7.57 and its two-hundred day moving average is $7.88.

PIMCO New York Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.0335 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.40 annualized dividend and a dividend yield of 5.18%.

About PIMCO New York Municipal Income Fund

PIMCO New York Municipal Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets. It seeks to invest in stocks of companies operating across diversified sectors.