Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Update

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 204,745 shares, a growth of 271.3% from the November 30th total of 55,139 shares. Based on an average trading volume of 1,131,332 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,131,332 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. bought a new stake in Pimco Corporate & Income Opportunity Fund in the second quarter worth approximately $16,400,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Pimco Corporate & Income Opportunity Fund by 19.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock worth $33,926,000 after buying an additional 385,602 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Pimco Corporate & Income Opportunity Fund by 425.1% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 333,526 shares of the investment management company’s stock worth $4,639,000 after buying an additional 270,013 shares during the period. Captrust Financial Advisors increased its stake in shares of Pimco Corporate & Income Opportunity Fund by 1,200.0% in the 3rd quarter. Captrust Financial Advisors now owns 194,877 shares of the investment management company’s stock valued at $2,814,000 after acquiring an additional 179,887 shares in the last quarter. Finally, Smith Asset Management Co. LLC acquired a new position in shares of Pimco Corporate & Income Opportunity Fund during the 1st quarter valued at $2,417,000. Institutional investors own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Trading Up 0.5%

Shares of NYSE:PTY traded up $0.07 during trading on Thursday, reaching $12.86. The stock had a trading volume of 959,158 shares, compared to its average volume of 1,203,325. Pimco Corporate & Income Opportunity Fund has a 52 week low of $11.70 and a 52 week high of $14.87. The firm’s fifty day moving average is $13.34 and its 200 day moving average is $13.80.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be given a $0.1188 dividend. The ex-dividend date of this dividend is Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 11.1%.

About Pimco Corporate & Income Opportunity Fund

The Pimco Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company sponsored by Pacific Investment Management Company LLC (PIMCO). The fund’s primary objective is to provide a high level of current income, with a secondary focus on capital appreciation. It seeks to achieve these goals through investment in a diversified portfolio of corporate debt securities, loan participations and other fixed-income instruments.

PTY primarily invests in a broad range of U.S.