Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Short Interest Drops 60.7%

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 298,146 shares, a decrease of 60.7% from the September 15th total of 758,293 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,157,271 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. GHP Investment Advisors Inc. bought a new stake in shares of Pimco Corporate & Income Opportunity Fund during the first quarter worth approximately $32,000. Continuum Advisory LLC bought a new stake in Pimco Corporate & Income Opportunity Fund in the second quarter valued at about $37,000. Ameritas Advisory Services LLC bought a new position in Pimco Corporate & Income Opportunity Fund during the second quarter worth about $75,000. Global Retirement Partners LLC bought a new position in Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth approximately $106,000. Finally, CoreCap Advisors LLC increased its stake in 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 purchasing an additional 9,000 shares in the last quarter. 10.25% of the stock is owned by institutional investors and hedge funds.

Pimco Corporate & Income Opportunity Fund Trading Up 0.7%

Pimco Corporate & Income Opportunity Fund stock opened at $10.68 on Thursday. The stock has a 50 day moving average of $11.39 and a 200-day moving average of $11.75. Pimco Corporate & Income Opportunity Fund has a 52 week low of $10.56 and a 52 week high of $14.29.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be paid a dividend of $0.1188 per share. The ex-dividend date is Tuesday, October 13th. This represents a $1.43 annualized dividend and a yield of 13.4%.

About Pimco Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade securities, commonly known as high-yield or “junk” bonds, as well as other fixed-income instruments.