Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Sees Large Decline in Short Interest

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 298,146 shares, a decrease of 60.7% from the September 15th total of 758,293 shares. Based on an average daily volume of 2,157,271 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Williams & Novak Wealth Management LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund in the third quarter worth about $327,000. Integrated Capital Management Inc. bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at about $235,000. First Heartland Consultants Inc. raised its holdings in shares of Pimco Corporate & Income Opportunity Fund by 7.6% in the 3rd quarter. First Heartland Consultants Inc. now owns 106,987 shares of the investment management company’s stock valued at $1,178,000 after purchasing an additional 7,555 shares in the last quarter. Noble Wealth Management PBC lifted its position in shares of Pimco Corporate & Income Opportunity Fund by 9.1% in the 3rd quarter. Noble Wealth Management PBC now owns 363,339 shares of the investment management company’s stock worth $4,000,000 after purchasing an additional 30,290 shares during the period. Finally, AG Asset Advisory LLC lifted its position in shares of Pimco Corporate & Income Opportunity Fund by 8.0% in the 2nd quarter. AG Asset Advisory LLC now owns 164,641 shares of the investment management company’s stock worth $1,981,000 after purchasing an additional 12,243 shares during the period. 10.25% of the stock is currently owned by institutional investors.

Pimco Corporate & Income Opportunity Fund Trading Down 1.7%

PTY traded down $0.18 during trading on Tuesday, hitting $10.78. 1,049,144 shares of the stock were exchanged, compared to its average volume of 1,271,130. The firm has a 50 day simple moving average of $11.44 and a 200 day simple moving average of $11.77. Pimco Corporate & Income Opportunity Fund has a 1 year low of $10.65 and a 1 year high of $14.38.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.1188 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 13.2%.

About Pimco Corporate & Income Opportunity Fund

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.