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

PIMCO New York Municipal Income Fund (NYSE:PNF) saw a large growth in short interest in 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 trading volume of 36,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On PIMCO New York Municipal Income Fund

Several hedge funds have recently bought and sold shares of the stock. Saba Capital Management L.P. bought a new position in shares of PIMCO New York Municipal Income Fund during the fourth quarter worth approximately $110,000. Logan Stone Capital LLC bought a new position in PIMCO New York Municipal Income Fund during the 4th quarter worth $479,000. Citadel Advisors LLC bought a new stake in shares of PIMCO New York Municipal Income Fund in the fourth quarter valued at about $92,000. Almitas Capital LLC bought a new stake in shares of PIMCO New York Municipal Income Fund in the fourth quarter valued at about $155,000. Finally, Guggenheim Capital LLC grew its stake in shares of PIMCO New York Municipal Income Fund by 11.3% in the fourth quarter. Guggenheim Capital LLC now owns 98,630 shares of the company’s stock valued at $733,000 after acquiring an additional 10,022 shares in the last quarter.

PIMCO New York Municipal Income Fund Stock Down 0.8 %

Shares of PNF stock traded down $0.06 during trading on Tuesday, reaching $7.73. 8,942 shares of the company’s stock were exchanged, compared to its average volume of 25,781. The firm’s fifty day moving average price is $7.58 and its 200-day moving average price is $7.88. PIMCO New York Municipal Income Fund has a twelve month low of $7.29 and a twelve month high of $8.39.

PIMCO New York Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th were issued a $0.0335 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $0.40 annualized dividend and a yield of 5.20%.

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.