PIMCO New York Municipal Income Fund II (NYSE:PNI – Get Rating) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 10,800 shares, an increase of 86.2% from the March 31st total of 5,800 shares. Based on an average trading volume of 23,300 shares, the days-to-cover ratio is presently 0.5 days.
NYSE:PNI opened at $8.62 on Friday. PIMCO New York Municipal Income Fund II has a 1 year low of $8.57 and a 1 year high of $12.19. The stock’s 50 day simple moving average is $9.54 and its two-hundred day simple moving average is $10.57.
The business also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Monday, April 11th will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Friday, April 8th.
About PIMCO New York Municipal Income Fund II (Get Rating)
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.
- Get a free copy of the StockNews.com research report on PIMCO New York Municipal Income Fund II (PNI)
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