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 growth in short interest during the month of February. As of February 15th, there was short interest totalling 7,300 shares, a growth of 58.7% from the January 31st total of 4,600 shares. Based on an average daily trading volume, of 36,000 shares, the days-to-cover ratio is presently 0.2 days.

PIMCO New York Municipal Income Fund Stock Up 0.5 %

Shares of NYSE:PNF traded up $0.04 on Friday, reaching $7.77. 7,933 shares of the company traded hands, compared to its average volume of 25,914. The business’s 50-day simple moving average is $7.57 and its 200 day simple moving average is $7.88. PIMCO New York Municipal Income Fund has a 52 week low of $7.29 and a 52 week high of $8.39.

PIMCO New York Municipal Income Fund Announces Dividend

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

Institutional Trading of PIMCO New York Municipal Income Fund

A number of institutional investors have recently modified their holdings of PNF. International Assets Investment Management LLC boosted its holdings in shares of PIMCO New York Municipal Income Fund by 730.0% during the third 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 during the period. Sit Investment Associates Inc. purchased a new stake in PIMCO New York Municipal Income Fund in the fourth quarter worth about $676,000. Logan Stone Capital LLC purchased a new stake in PIMCO New York Municipal Income Fund in the fourth quarter worth about $479,000. Horizon Kinetics Asset Management LLC lifted its holdings in 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 buying an additional 24,599 shares during the period. Finally, Almitas Capital LLC purchased a new stake in PIMCO New York Municipal Income Fund in the fourth quarter worth about $155,000.

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.