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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 474,189 shares, a growth of 90.3% from the March 15th total of 249,176 shares. Based on an average daily volume of 1,578,481 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of institutional investors have recently modified their holdings of PTY. Merrithew & Thorsten Inc acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 4th quarter valued at $19,710,000. Rivernorth Capital Management LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 4th quarter valued at $16,026,000. Invesco Ltd. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 2nd quarter valued at $16,400,000. Wells Fargo & Company MN boosted its stake in shares of Pimco Corporate & Income Opportunity Fund by 209.6% during the 4th quarter. Wells Fargo & Company MN now owns 627,242 shares of the investment management company’s stock valued at $8,091,000 after buying an additional 424,649 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Pimco Corporate & Income Opportunity Fund by 19.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock valued at $33,926,000 after buying an additional 385,602 shares during the period. Institutional investors and hedge funds own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Trading Down 0.1%

Pimco Corporate & Income Opportunity Fund stock traded down $0.01 during midday trading on Tuesday, reaching $12.13. The stock had a trading volume of 1,022,670 shares, compared to its average volume of 1,293,197. The firm’s fifty day simple moving average is $12.48 and its two-hundred day simple moving average is $13.07. Pimco Corporate & Income Opportunity Fund has a twelve month low of $11.58 and a twelve month high of $14.69.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Monday, April 13th will be paid a dividend of $0.1188 per share. The ex-dividend date of this dividend is Monday, April 13th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%.

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.