Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Sees Large Decrease in Short Interest

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 266,839 shares, a drop of 15.6% from the February 12th total of 316,207 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,093,577 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,093,577 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Accelerate Investment Advisors LLC boosted its holdings in Pimco Corporate & Income Opportunity Fund by 32.4% during the 3rd quarter. Accelerate Investment Advisors LLC now owns 50,979 shares of the investment management company’s stock valued at $736,000 after acquiring an additional 12,486 shares during the period. Osaic Holdings Inc. increased its stake in Pimco Corporate & Income Opportunity Fund by 16.3% in the second quarter. Osaic Holdings Inc. now owns 787,260 shares of the investment management company’s stock worth $10,952,000 after purchasing an additional 110,393 shares during the period. NWF Advisory Services Inc. increased its stake in Pimco Corporate & Income Opportunity Fund by 3.4% in the second quarter. NWF Advisory Services Inc. now owns 45,640 shares of the investment management company’s stock worth $635,000 after purchasing an additional 1,507 shares during the period. Lido Advisors LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund during the second quarter worth $399,000. Finally, Scotia Capital Inc. bought a new stake in shares of Pimco Corporate & Income Opportunity Fund during the second quarter worth $144,000. 10.25% of the stock is owned by hedge funds and other institutional investors.

Pimco Corporate & Income Opportunity Fund Stock Up 0.5%

NYSE PTY traded up $0.07 on Tuesday, hitting $12.27. 767,985 shares of the stock were exchanged, compared to its average volume of 1,386,564. Pimco Corporate & Income Opportunity Fund has a 52-week low of $11.70 and a 52-week high of $14.69. The stock has a fifty day moving average price of $12.89 and a two-hundred day moving average price of $13.40.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Thursday, March 12th will be paid a dividend of $0.1188 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

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.