Investors are more bullish on PIMCO New York Municipal Income of late at least if you consider the change in short interest. The firm saw a fall in short interest between August 15, 2017 and August 31, 2017 of -34.54%. Short interest decreased 28,358 over that period.
The following firms have recently changed their position in PNF. As of quarter end Ubs Group Ag had sold a total of 100,334 shares trimming its holdings by 97.6%. The value of the investment in PIMCO New York Municipal Income decreased from $1,291,000 to $32,000 a change of $1,259,000 quarter over quarter. Guggenheim Capital LLC cut its stake by shedding 33,220 shares a decrease of 13.1% from 03/31/2017 to 06/30/2017. Guggenheim Capital LLC now holds 220,297 shares worth $2,886,000. The total value of its holdings decreased 9.4%.
Commonwealth Equity Services, Inc downsized its ownership by selling 1 shares a decrease of 0.0%. Commonwealth Equity Services, Inc now controls 20,239 shares valued at $265,000. The value of the position overall is up by 4.3%. As of the end of the quarter Wells Fargo & Company/mn had disposed of 1 shares trimming its stake by 0.0%. The value of the total investment in PIMCO New York Municipal Income went from $153,000 to $160,000 increasing 4.6% since the last quarter.
The company is trading unchanged from yesterday’s close of 13.07. The stock is trading at $13.07 which is a tad under the 50 day moving average of $13.17 and marginally over the 200 day moving average of $12.90. The 50 day moving average was down $-0.10 or -0.75% and the 200 day average was up $0.17.
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. The fund primarily invests in municipal securities. The fund’s investment portfolio includes investments in hospital, water and sewer, tobacco, state and local general obligations, education, lease, tax, and power sectors. PIMCO New York Municipal Income Fund was formed on June 29, 2001 and is domiciled in United States..