Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Down 48.3% in May

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 118,624 shares, a drop of 48.3% from the May 14th total of 229,621 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 961,593 shares, the short-interest ratio is currently 0.1 days.

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 PTY. Royal Bank of Canada increased its stake in shares of Pimco Corporate & Income Opportunity Fund by 0.8% in the 1st quarter. Royal Bank of Canada now owns 272,394 shares of the investment management company’s stock valued at $3,939,000 after buying an additional 2,256 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at $209,000. NewEdge Advisors LLC increased its stake in shares of Pimco Corporate & Income Opportunity Fund by 2.5% in the 1st quarter. NewEdge Advisors LLC now owns 88,471 shares of the investment management company’s stock valued at $1,279,000 after buying an additional 2,164 shares during the period. Jane Street Group LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at $472,000. Finally, Invesco Ltd. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at $16,400,000. 10.25% of the stock is owned by institutional investors and hedge funds.

Pimco Corporate & Income Opportunity Fund Stock Up 0.8%

Shares of NYSE PTY traded up $0.10 during midday trading on Monday, hitting $11.83. The stock had a trading volume of 1,042,344 shares, compared to its average volume of 929,273. The company’s 50-day simple moving average is $12.02 and its 200 day simple moving average is $12.53. Pimco Corporate & Income Opportunity Fund has a fifty-two week low of $11.58 and a fifty-two 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 Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a $0.1188 dividend. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Thursday, June 11th.

Pimco Corporate & Income Opportunity Fund Company Profile

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.