Short Interest in Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Declines By 62.8%

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 141,608 shares, a drop of 62.8% from the June 15th total of 380,492 shares. Based on an average trading volume of 1,135,546 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

Institutional investors have recently added to or reduced their stakes in the company. First Heartland Consultants Inc. bought a new position in shares of Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth approximately $1,196,000. Dynamic Advisor Solutions LLC grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 9.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 382,350 shares of the investment management company’s stock valued at $4,600,000 after acquiring an additional 32,564 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 1,000.0% in the second quarter. CoreCap Advisors LLC now owns 9,900 shares of the investment management company’s stock valued at $119,000 after acquiring an additional 9,000 shares in the last quarter. Noble Wealth Management PBC increased its position in shares of Pimco Corporate & Income Opportunity Fund by 27.3% during the second quarter. Noble Wealth Management PBC now owns 333,049 shares of the investment management company’s stock valued at $4,007,000 after acquiring an additional 71,443 shares during the last quarter. Finally, Rathbones Group PLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the first quarter valued at approximately $181,000. 10.25% of the stock is owned by institutional investors.

Pimco Corporate & Income Opportunity Fund Trading Up 0.0%

NYSE PTY opened at $12.10 on Monday. Pimco Corporate & Income Opportunity Fund has a 1 year low of $11.58 and a 1 year high of $14.69. The company has a fifty day moving average price of $11.93 and a 200-day moving average price of $12.38.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be issued a dividend of $0.1188 per share. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a 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.