PIMCO New York Municipal Income Fund II (NYSE:PNI – Get Free Report) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 30,400 shares, a growth of 266.3% from the February 13th total of 8,300 shares. Based on an average daily volume of 61,400 shares, the short-interest ratio is currently 0.5 days.
PIMCO New York Municipal Income Fund II Trading Down 0.6 %
Shares of PIMCO New York Municipal Income Fund II stock opened at $7.16 on Friday. The business’s 50 day simple moving average is $7.26 and its 200-day simple moving average is $7.43. PIMCO New York Municipal Income Fund II has a twelve month low of $6.96 and a twelve month high of $7.96.
PIMCO New York Municipal Income Fund II Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, March 13th.
Institutional Investors Weigh In On PIMCO New York Municipal Income Fund II
PIMCO New York Municipal Income Fund II Company Profile
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.
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