Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Sees Significant Increase in Short Interest

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 569,146 shares, an increase of 301.9% from the June 30th total of 141,608 shares. Based on an average daily volume of 1,100,581 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Merrithew & Thorsten Inc bought a new position in Pimco Corporate & Income Opportunity Fund during the 4th quarter valued at about $19,710,000. Composition Wealth LLC lifted its stake in Pimco Corporate & Income Opportunity Fund by 7.7% in the fourth quarter. Composition Wealth LLC now owns 20,388 shares of the investment management company’s stock worth $263,000 after purchasing an additional 1,458 shares during the last quarter. Sigma Planning Corp lifted its stake in Pimco Corporate & Income Opportunity Fund by 18.6% in the fourth quarter. Sigma Planning Corp now owns 45,272 shares of the investment management company’s stock worth $584,000 after purchasing an additional 7,111 shares during the last quarter. Cresta Advisors Ltd. purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the fourth quarter valued at approximately $52,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Pimco Corporate & Income Opportunity Fund by 56.2% during the fourth quarter. Farther Finance Advisors LLC now owns 13,233 shares of the investment management company’s stock valued at $171,000 after buying an additional 4,763 shares during the period. Hedge funds and other institutional investors own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Trading Down 0.3%

Shares of Pimco Corporate & Income Opportunity Fund stock opened at $11.65 on Tuesday. The stock has a 50 day moving average price of $11.86 and a 200-day moving average price of $12.29. Pimco Corporate & Income Opportunity Fund has a one year low of $11.58 and a one year high of $14.69.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be given a $0.1188 dividend. The ex-dividend date is Monday, July 13th. This represents a c) dividend on an annualized basis and a yield of 12.2%.

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.