PIMCO New York Municipal Income Fund II (PNI) Short Interest Ratio & Short Volume

Short interest is the volume of PIMCO New York Municipal Income Fund II shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 19,300 shares of PNI short. Learn More on PIMCO New York Municipal Income Fund II's current short interest.

PIMCO New York Municipal Income Fund II saw a drop in short interest in January. As of January 15th, there was short interest totaling 19,300 shares, a drop of 6.3% from the previous total of 20,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.10 billion), General Motors ($3.90 billion), Charter Communications, Inc. ($3.31 billion), Occidental Petroleum Co. ($2.91 billion), Tractor Supply ($2.75 billion), Moderna, Inc. ($2.44 billion), Coinbase Global, Inc. ($2.10 billion), United Rentals, Inc. ($2.09 billion), Royal Caribbean Cruises Ltd. ($2.03 billion), and Rivian Automotive, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling PNI is an investing strategy that aims to generate trading profit from PIMCO New York Municipal Income Fund II as its price is falling. PNI shares are trading up $0.01 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for PIMCO New York Municipal Income Fund II occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PNI, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PNI, twice per month. The most recent reporting period available is January, 15 2024.