PIMCO New York Municipal Income Fund (NYSE:PNF) Sees Significant Decrease in Short Interest

PIMCO New York Municipal Income Fund (NYSE:PNF) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 800 shares, a decline of 50.0% from the November 30th total of 1,600 shares. Based on an average trading volume of 28,600 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On PIMCO New York Municipal Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PNF. PFG Investments LLC purchased a new position in PIMCO New York Municipal Income Fund during the 3rd quarter worth $102,000. Wolverine Asset Management LLC increased its position in PIMCO New York Municipal Income Fund by 9.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 27,940 shares of the company’s stock valued at $219,000 after acquiring an additional 2,525 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings 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 valued at $489,000 after purchasing an additional 24,599 shares during the period. Matisse Capital purchased a new stake in shares of PIMCO New York Municipal Income Fund during the second quarter worth approximately $651,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of 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 acquiring an additional 36,079 shares during the period.

PIMCO New York Municipal Income Fund Stock Performance

Shares of PNF remained flat at $7.51 during midday trading on Friday. 32,350 shares of the stock were exchanged, compared to its average volume of 25,542. The business has a fifty day moving average price of $7.91 and a two-hundred day moving average price of $7.97. PIMCO New York Municipal Income Fund has a fifty-two week low of $7.42 and a fifty-two week high of $8.40.

PIMCO New York Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be issued a $0.0335 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Thursday, December 12th.

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.