Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Shares Shorted: Short Interest Up 93.1% in October

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 575,699 shares, a growth of 93.1% from the September 30th total of 298,146 shares. Based on an average daily trading volume, of 1,757,891 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

A number of hedge funds have recently modified their holdings of PTY. Signature Equity Partners LLC grew its position in shares of Pimco Corporate & Income Opportunity Fund by 16.0% in the 3rd quarter. Signature Equity Partners LLC now owns 107,165 shares of the investment management company’s stock valued at $1,180,000 after buying an additional 14,820 shares during the last quarter. XML Financial LLC grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 2.7% during the third quarter. XML Financial LLC now owns 1,801,376 shares of the investment management company’s stock valued at $19,833,000 after buying an additional 46,793 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 192.6% in the third quarter. International Assets Investment Management LLC now owns 30,402 shares of the investment management company’s stock valued at $335,000 after purchasing an additional 20,011 shares in the last quarter. Foresight Capital Management Advisors Inc. purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the third quarter valued at about $36,000. Finally, Park Avenue Securities LLC lifted its position in shares of Pimco Corporate & Income Opportunity Fund by 348.3% during the 3rd quarter. Park Avenue Securities LLC now owns 146,171 shares of the investment management company’s stock worth $1,609,000 after buying an additional 113,565 shares in the last quarter. Institutional investors and hedge funds own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Stock Down 0.6%

Shares of NYSE:PTY opened at $10.71 on Friday. The company has a 50-day moving average price of $11.14 and a 200-day moving average price of $11.93. Pimco Corporate & Income Opportunity Fund has a 12 month low of $10.56 and a 12 month high of $13.84.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Tuesday, October 13th.

Pimco Corporate & Income Opportunity Fund Company Profile

PIMCO Corporate & Income Opportunity Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PTY. The fund is managed by Pacific Investment Management Company LLC (PIMCO), an investment manager specializing in fixed-income and other asset classes.

The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. It invests primarily in a diversified portfolio of corporate debt and other income-producing securities, including investment-grade and below-investment-grade bonds.