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 in the month of September. As of September 15th, there was short interest totaling 758,293 shares, a growth of 46.3% from the August 31st total of 518,318 shares. Based on an average daily trading volume, of 1,556,459 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of institutional investors have recently made changes to their positions in the stock. GHP Investment Advisors Inc. bought a new position in Pimco Corporate & Income Opportunity Fund during the first quarter worth about $32,000. Continuum Advisory LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at about $37,000. Ameritas Advisory Services LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at approximately $75,000. Global Retirement Partners LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at approximately $106,000. Finally, CoreCap Advisors LLC boosted its stake in Pimco Corporate & Income Opportunity Fund by 1,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 9,900 shares of the investment management company’s stock worth $119,000 after acquiring an additional 9,000 shares during the last quarter. 10.25% of the stock is owned by institutional investors and hedge funds.

Pimco Corporate & Income Opportunity Fund Price Performance

PTY stock traded up $0.01 during midday trading on Thursday, reaching $11.02. The company’s stock had a trading volume of 1,932,435 shares, compared to its average volume of 1,863,142. The business’s 50-day simple moving average is $11.56 and its 200-day simple moving average is $11.83. Pimco Corporate & Income Opportunity Fund has a 52 week low of $10.65 and a 52 week high of $14.69.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.1188 dividend. This represents a $1.43 annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Friday, September 11th.

Pimco Corporate & Income Opportunity Fund Company Profile

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.