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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 174,872 shares, a growth of 161.3% from the January 15th total of 66,918 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 849,570 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 849,570 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Pimco Corporate & Income Opportunity Fund Stock Performance

PTY traded up $0.03 during trading hours on Friday, hitting $13.02. 1,715,405 shares of the company’s stock were exchanged, compared to its average volume of 1,082,138. Pimco Corporate & Income Opportunity Fund has a 1-year low of $11.70 and a 1-year high of $14.78. The stock’s 50-day moving average is $13.02 and its two-hundred day moving average is $13.61.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be paid a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date is Thursday, February 12th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Aspect Partners LLC bought a new position in Pimco Corporate & Income Opportunity Fund in the third quarter valued at approximately $25,000. Eastern Bank acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at approximately $26,000. CX Institutional bought a new position in shares of Pimco Corporate & Income Opportunity Fund in the third quarter valued at $32,000. Tableaux LLC bought a new position in shares of Pimco Corporate & Income Opportunity Fund in the second quarter valued at $32,000. Finally, Cresta Advisors Ltd. acquired a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter worth $52,000. Institutional investors own 10.25% of the company’s stock.

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.