Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Short Interest Report for September

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 298,146 shares, a decrease of 60.7% from the September 15th total of 758,293 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,157,271 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of hedge funds have recently made changes to their positions in PTY. GHP Investment Advisors Inc. acquired a new position in Pimco Corporate & Income Opportunity Fund during the 1st quarter valued at approximately $32,000. Continuum Advisory LLC purchased a new position in shares of Pimco Corporate & Income Opportunity Fund in the second quarter worth $37,000. Ameritas Advisory Services LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the second quarter worth $75,000. Global Retirement Partners LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the second quarter worth $106,000. Finally, CoreCap Advisors LLC lifted its stake in shares of Pimco Corporate & Income Opportunity Fund by 1,000.0% during the second quarter. CoreCap Advisors LLC now owns 9,900 shares of the investment management company’s stock worth $119,000 after buying an additional 9,000 shares during the period. 10.25% of the stock is currently owned by hedge funds and other institutional investors.

Pimco Corporate & Income Opportunity Fund Stock Down 1.7%

NYSE PTY traded down $0.18 during midday trading on Tuesday, hitting $10.78. 1,049,144 shares of the company traded hands, compared to its average volume of 1,271,130. The company’s 50-day simple moving average is $11.44 and its 200-day simple moving average is $11.77. Pimco Corporate & Income Opportunity Fund has a 52 week low of $10.65 and a 52 week high of $14.38.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be given a $0.1188 dividend. This represents a $1.43 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, October 13th.

About Pimco Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade securities, commonly known as high-yield or “junk” bonds, as well as other fixed-income instruments.