Short Interest in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Increases By 21.2%

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a significant growth in short interest in 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 short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

Large investors have recently modified their holdings of the business. Modern Wealth Management LLC lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 5.9% during the 4th quarter. Modern Wealth Management LLC now owns 13,034 shares of the investment management company’s stock worth $193,000 after buying an additional 727 shares during the last quarter. Accelerate Investment Advisors LLC raised its stake in PIMCO Corporate & Income Opportunity Fund by 5.8% during the fourth quarter. Accelerate Investment Advisors LLC now owns 14,516 shares of the investment management company’s stock worth $209,000 after acquiring an additional 799 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 1.2% in the third quarter. OneDigital Investment Advisors LLC now owns 70,320 shares of the investment management company’s stock worth $1,012,000 after acquiring an additional 800 shares during the last quarter. C2C Wealth Management LLC boosted its stake in shares of PIMCO Corporate & Income Opportunity Fund by 1.4% in the 4th quarter. C2C Wealth Management LLC now owns 70,100 shares of the investment management company’s stock valued at $1,007,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Integrity Financial Corp WA grew its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 4.7% during the 3rd quarter. Integrity Financial Corp WA now owns 31,244 shares of the investment management company’s stock valued at $450,000 after purchasing an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 10.25% of the company’s stock.

PIMCO Corporate & Income Opportunity Fund Price Performance

PTY stock traded down $0.03 during mid-day trading on Monday, hitting $14.70. The stock had a trading volume of 520,424 shares, compared to its average volume of 656,816. The firm has a fifty day simple moving average of $14.53 and a 200 day simple moving average of $14.47. PIMCO Corporate & Income Opportunity Fund has a 52 week low of $13.23 and a 52 week high of $15.10.

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 $0.1188 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.43 dividend on an annualized basis and a yield of 9.70%.

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.