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

PIMCO New York Municipal Income Fund (NYSE:PNF) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,800 shares, an increase of 38.5% from the April 30th total of 1,300 shares. Based on an average daily trading volume, of 32,200 shares, the days-to-cover ratio is currently 0.1 days.

PIMCO New York Municipal Income Fund Stock Performance

Shares of PNF stock opened at $6.90 on Wednesday. The stock’s 50-day moving average price is $7.05 and its 200 day moving average price is $7.45. PIMCO New York Municipal Income Fund has a 52-week low of $6.65 and a 52-week high of $8.39.

PIMCO New York Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a $0.0335 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.40 annualized dividend and a yield of 5.83%.

Hedge Funds Weigh In On PIMCO New York Municipal Income Fund

Several institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in shares of PIMCO New York Municipal Income Fund during the 4th quarter worth $92,000. Virtu Financial LLC acquired a new position in shares of PIMCO New York Municipal Income Fund during the 4th quarter worth $99,000. Saba Capital Management L.P. acquired a new position in shares of PIMCO New York Municipal Income Fund during the 4th quarter worth $110,000. Almitas Capital LLC acquired a new position in shares of PIMCO New York Municipal Income Fund during the 4th quarter worth $155,000. Finally, Logan Stone Capital LLC acquired a new position in shares of PIMCO New York Municipal Income Fund during the 4th quarter worth $479,000.

PIMCO New York Municipal Income Fund Company Profile

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.