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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 380,492 shares, an increase of 220.8% from the May 31st total of 118,624 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 997,590 shares, the days-to-cover ratio is currently 0.4 days.

Pimco Corporate & Income Opportunity Fund Price Performance

PTY stock traded up $0.10 during midday trading on Monday, reaching $11.99. The stock had a trading volume of 1,302,481 shares, compared to its average volume of 995,778. Pimco Corporate & Income Opportunity Fund has a twelve month low of $11.58 and a twelve month high of $14.69. The business has a fifty day simple moving average of $11.94 and a two-hundred day simple moving average of $12.43.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be paid a $0.1188 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 11.9%.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in PTY. Rathbones Group PLC acquired a new position in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at $181,000. Centaurus Financial Inc. increased its holdings in Pimco Corporate & Income Opportunity Fund by 8.2% in the first quarter. Centaurus Financial Inc. now owns 24,977 shares of the investment management company’s stock valued at $301,000 after purchasing an additional 1,898 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Pimco Corporate & Income Opportunity Fund by 14.6% in the first quarter. Arkadios Wealth Advisors now owns 45,970 shares of the investment management company’s stock valued at $554,000 after buying an additional 5,862 shares during the period. Readystate Asset Management LP lifted its stake in Pimco Corporate & Income Opportunity Fund by 72.0% in the first quarter. Readystate Asset Management LP now owns 70,430 shares of the investment management company’s stock valued at $849,000 after buying an additional 29,494 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Pimco Corporate & Income Opportunity Fund by 2.8% during the first quarter. Royal Bank of Canada now owns 600,310 shares of the investment management company’s stock worth $7,240,000 after buying an additional 16,237 shares during the last quarter. Institutional investors own 10.25% of the company’s stock.

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.