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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a significant growth in short interest during the month of 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,486,248 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 1,486,248 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

A number of institutional investors have recently added to or reduced their stakes in PTY. Farther Finance Advisors LLC boosted its stake in Pimco Corporate & Income Opportunity Fund by 9.5% during the third quarter. Farther Finance Advisors LLC now owns 8,470 shares of the investment management company’s stock worth $122,000 after buying an additional 735 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Pimco Corporate & Income Opportunity Fund by 2.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 34,708 shares of the investment management company’s stock worth $483,000 after acquiring an additional 761 shares during the period. Modern Wealth Management LLC boosted its position in shares of Pimco Corporate & Income Opportunity Fund by 6.0% during the 2nd quarter. Modern Wealth Management LLC now owns 13,826 shares of the investment management company’s stock valued at $192,000 after acquiring an additional 784 shares during the last quarter. Golden State Equity Partners grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 0.5% in the fourth quarter. Golden State Equity Partners now owns 175,846 shares of the investment management company’s stock valued at $2,268,000 after purchasing an additional 828 shares during the period. Finally, Insigneo Advisory Services LLC increased its position in Pimco Corporate & Income Opportunity Fund by 7.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 13,502 shares of the investment management company’s stock worth $174,000 after purchasing an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Stock Performance

PTY opened at $12.81 on Monday. Pimco Corporate & Income Opportunity Fund has a twelve month low of $11.70 and a twelve month high of $14.73. The firm’s 50-day moving average price is $13.01 and its 200 day moving average price is $13.54.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.1188 per share. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Thursday, February 12th.

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.