Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Up 161.3% in January

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 174,872 shares, an increase of 161.3% from the January 15th total of 66,918 shares. Based on an average daily trading volume, of 849,570 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 849,570 shares, the short-interest ratio is currently 0.2 days.

Pimco Corporate & Income Opportunity Fund Price Performance

NYSE:PTY traded down $0.13 during mid-day trading on Thursday, hitting $12.99. 616,596 shares of the stock traded hands, compared to its average volume of 1,141,247. The business’s 50-day moving average price is $13.02 and its 200 day moving average price is $13.62. Pimco Corporate & Income Opportunity Fund has a 12-month low of $11.70 and a 12-month high of $14.78.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be given a $0.1188 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Thursday, February 12th.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PTY. CX Institutional bought a new position in shares of Pimco Corporate & Income Opportunity Fund in the third quarter worth approximately $32,000. Allworth Financial LP grew its stake in Pimco Corporate & Income Opportunity Fund by 210.1% in the 2nd quarter. Allworth Financial LP now owns 15,547 shares of the investment management company’s stock worth $216,000 after buying an additional 10,533 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Pimco Corporate & Income Opportunity Fund by 1.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,466,153 shares of the investment management company’s stock worth $20,394,000 after buying an additional 26,532 shares during the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Pimco Corporate & Income Opportunity Fund by 33.5% in the 2nd quarter. Wealthspire Advisors LLC now owns 127,095 shares of the investment management company’s stock worth $1,768,000 after buying an additional 31,872 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Pimco Corporate & Income Opportunity Fund by 83.5% during the 2nd quarter. Kingsview Wealth Management LLC now owns 20,126 shares of the investment management company’s stock valued at $280,000 after buying an additional 9,160 shares in the last quarter. 10.25% of the stock is currently owned by hedge funds and other institutional investors.

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.