PIMCO New York Municipal Income Fund II (NYSE:PNI) Short Interest Up 80.8% in February

PIMCO New York Municipal Income Fund II (NYSE:PNI) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 7,518 shares, an increase of 80.8% from the January 29th total of 4,159 shares. Based on an average trading volume of 89,831 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 89,831 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO New York Municipal Income Fund II Trading Up 0.3%

NYSE PNI opened at $7.18 on Monday. PIMCO New York Municipal Income Fund II has a 52 week low of $6.43 and a 52 week high of $7.47. The firm has a 50 day moving average of $7.01 and a two-hundred day moving average of $6.92.

PIMCO New York Municipal Income Fund II Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be paid a dividend of $0.0295 per share. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%.

Institutional Trading of PIMCO New York Municipal Income Fund II

A number of institutional investors have recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC purchased a new position in shares of PIMCO New York Municipal Income Fund II in the 2nd quarter valued at about $108,000. Hennion & Walsh Asset Management Inc. boosted its holdings in PIMCO New York Municipal Income Fund II by 189.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 417,718 shares of the company’s stock valued at $2,903,000 after purchasing an additional 273,530 shares in the last quarter. Beckerman Institutional LLC boosted its holdings in PIMCO New York Municipal Income Fund II by 47.7% in the second quarter. Beckerman Institutional LLC now owns 57,744 shares of the company’s stock valued at $388,000 after purchasing an additional 18,640 shares in the last quarter. Dopkins Wealth Management LLC increased its stake in PIMCO New York Municipal Income Fund II by 83.8% in the third quarter. Dopkins Wealth Management LLC now owns 28,646 shares of the company’s stock valued at $199,000 after purchasing an additional 13,061 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in PIMCO New York Municipal Income Fund II by 10.3% during the second quarter. Guggenheim Capital LLC now owns 246,809 shares of the company’s stock worth $1,659,000 after purchasing an additional 23,036 shares in the last quarter.

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.