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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 474,189 shares, an increase of 90.3% from the March 15th total of 249,176 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 1,578,481 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PTY. Aspect Partners LLC acquired a new position in Pimco Corporate & Income Opportunity Fund during the third quarter worth about $25,000. Eastern Bank purchased a new position in Pimco Corporate & Income Opportunity Fund in the 3rd quarter worth about $26,000. Vermillion & White Wealth Management Group LLC purchased a new position in Pimco Corporate & Income Opportunity Fund in the 4th quarter worth about $27,000. CX Institutional purchased a new position in Pimco Corporate & Income Opportunity Fund in the 3rd quarter worth about $32,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in Pimco Corporate & Income Opportunity Fund in the 4th quarter worth about $42,000. 10.25% of the stock is owned by institutional investors and hedge funds.

Pimco Corporate & Income Opportunity Fund Stock Up 0.0%

NYSE:PTY opened at $12.23 on Monday. The business’s 50-day moving average price is $12.51 and its 200 day moving average price is $13.11. Pimco Corporate & Income Opportunity Fund has a 52-week low of $11.58 and a 52-week high of $14.69.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Investors of record on Monday, April 13th will be issued a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend is Monday, April 13th.

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.