PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Sees Significant Decline in Short Interest

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 289,000 shares, a decline of 37.8% from the December 31st total of 464,400 shares. Based on an average daily volume of 599,500 shares, the short-interest ratio is currently 0.5 days.

PIMCO Corporate & Income Opportunity Fund Stock Performance

PTY traded up $0.03 during trading hours on Wednesday, hitting $14.66. 172,862 shares of the company’s stock were exchanged, compared to its average volume of 665,366. PIMCO Corporate & Income Opportunity Fund has a 1-year low of $13.23 and a 1-year high of $15.10. The stock’s 50-day moving average is $14.52 and its two-hundred day moving average is $14.42.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be given a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.73%. The ex-dividend date of this dividend is Monday, January 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PTY. Strategic Financial Concepts LLC acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 4th quarter valued at approximately $344,000. Elm3 Financial Group LLC acquired a new position in shares of PIMCO Corporate & Income Opportunity Fund in the fourth quarter valued at approximately $1,239,000. Institute for Wealth Management LLC. lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 16.2% during the fourth quarter. Institute for Wealth Management LLC. now owns 12,870 shares of the investment management company’s stock worth $185,000 after buying an additional 1,795 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of PIMCO Corporate & Income Opportunity Fund by 8.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 226,862 shares of the investment management company’s stock valued at $3,260,000 after acquiring an additional 17,105 shares during the period. Finally, Accel Wealth Management grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 8.1% in the fourth quarter. Accel Wealth Management now owns 396,452 shares of the investment management company’s stock valued at $5,697,000 after acquiring an additional 29,648 shares in the last quarter. 10.25% of the stock is owned by institutional investors and hedge funds.

About PIMCO Corporate & Income Opportunity Fund

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.