PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Update

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 393,200 shares, a growth of 21.2% from the January 15th total of 324,400 shares. Based on an average daily trading volume, of 633,900 shares, the days-to-cover ratio is currently 0.6 days.

PIMCO Corporate & Income Opportunity Fund Price Performance

PTY traded down $0.03 during midday trading on Monday, reaching $14.70. 520,424 shares of the company were exchanged, compared to its average volume of 656,816. PIMCO Corporate & Income Opportunity Fund has a one year low of $13.23 and a one year high of $15.10. The stock’s 50-day simple moving average is $14.53 and its 200 day simple moving average is $14.47.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be paid a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a yield of 9.70%. The ex-dividend date is Thursday, February 13th.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in shares of PIMCO Corporate & Income Opportunity Fund in the 3rd quarter valued at $39,000. Bank of New Hampshire lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 79.3% during the fourth quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company’s stock worth $49,000 after acquiring an additional 1,515 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in PIMCO Corporate & Income Opportunity Fund in the fourth quarter valued at about $58,000. IHT Wealth Management LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the fourth quarter worth about $146,000. Finally, Beacon Financial Advisory LLC acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the third quarter worth about $151,000. Institutional investors own 10.25% of the company’s stock.

PIMCO Corporate & Income Opportunity Fund Company Profile

PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.