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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 316,207 shares, a growth of 80.8% from the January 29th total of 174,872 shares. Based on an average trading volume of 1,486,248 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,486,248 shares, the days-to-cover ratio is presently 0.2 days.

Pimco Corporate & Income Opportunity Fund Stock Performance

NYSE PTY traded down $0.05 during trading hours on Friday, hitting $12.81. The company had a trading volume of 1,290,768 shares, compared to its average volume of 1,223,545. The business has a 50 day moving average of $13.01 and a 200-day moving average of $13.54. Pimco Corporate & Income Opportunity Fund has a 1-year low of $11.70 and a 1-year high of $14.73.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be given a $0.1188 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 2.2% in the second quarter. Rockefeller Capital Management L.P. now owns 34,708 shares of the investment management company’s stock valued at $483,000 after acquiring an additional 761 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in 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 purchasing an additional 270,013 shares during the period. Kingsview Wealth Management LLC grew its position in Pimco Corporate & Income Opportunity Fund by 83.5% during the 2nd quarter. Kingsview Wealth Management LLC now owns 20,126 shares of the investment management company’s stock worth $280,000 after purchasing an additional 9,160 shares during the last quarter. Tableaux LLC purchased a new position in Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth $32,000. Finally, Wealthspire Advisors LLC increased its stake in Pimco Corporate & Income Opportunity Fund by 33.5% in the second quarter. Wealthspire Advisors LLC now owns 127,095 shares of the investment management company’s stock valued at $1,768,000 after purchasing an additional 31,872 shares during the period. Institutional investors and hedge funds own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Company Profile

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.