Short Interest in Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Declines By 62.8%

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 141,608 shares, a decrease of 62.8% from the June 15th total of 380,492 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,135,546 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

A number of large investors have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in Pimco Corporate & Income Opportunity Fund during the 4th quarter worth $27,000. GHP Investment Advisors Inc. purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the first quarter valued at $32,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at about $42,000. Cresta Advisors Ltd. bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at about $52,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Trading Up 0.3%

PTY stock traded up $0.04 during trading on Wednesday, hitting $11.85. The company had a trading volume of 1,992,828 shares, compared to its average volume of 1,170,726. Pimco Corporate & Income Opportunity Fund has a 52-week low of $11.58 and a 52-week high of $14.69. The company has a 50 day simple moving average of $11.92 and a 200-day simple moving average of $12.37.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be given a dividend of $0.1188 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%.

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.