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 decrease in short interest during the month of January. As of January 15th, there was short interest totalling 4,400 shares, a decrease of 43.6% from the December 31st total of 7,800 shares. Based on an average daily volume of 35,300 shares, the days-to-cover ratio is presently 0.1 days.

PIMCO New York Municipal Income Fund Trading Up 0.3 %

Shares of NYSE PNF traded up $0.02 on Friday, reaching $7.60. 16,517 shares of the company traded hands, compared to its average volume of 22,221. The company has a 50 day moving average of $7.62 and a 200 day moving average of $7.90. PIMCO New York Municipal Income Fund has a fifty-two week low of $7.29 and a fifty-two week high of $8.40.

PIMCO New York Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be paid a dividend of $0.0335 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Trading of PIMCO New York Municipal Income Fund

Several institutional investors have recently made changes to their positions in PNF. International Assets Investment Management LLC increased its position in PIMCO New York Municipal Income Fund by 730.0% during the 3rd quarter. International Assets Investment Management LLC now owns 116,632 shares of the company’s stock worth $968,000 after purchasing an additional 102,580 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in PIMCO New York Municipal Income Fund by 69.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 88,401 shares of the company’s stock worth $734,000 after buying an additional 36,079 shares during the period. Horizon Kinetics Asset Management LLC increased its position in shares of PIMCO New York Municipal Income Fund by 71.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 58,956 shares of the company’s stock worth $489,000 after acquiring an additional 24,599 shares in the last quarter. PFG Investments LLC purchased a new stake in PIMCO New York Municipal Income Fund during the 3rd quarter worth $102,000. Finally, Wolverine Asset Management LLC increased its holdings in PIMCO New York Municipal Income Fund by 22.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 34,313 shares of the company’s stock valued at $285,000 after purchasing an additional 6,373 shares in the last quarter.

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.