Pimco Corporate & Income Opportunity Fund (NYSE:PTY – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 380,492 shares, a growth of 220.8% from the May 31st total of 118,624 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 997,590 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund
A number of large investors have recently modified their holdings of the company. Rathbones Group PLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at $181,000. Centaurus Financial Inc. grew its stake in shares of Pimco Corporate & Income Opportunity Fund by 8.2% during the first quarter. Centaurus Financial Inc. now owns 24,977 shares of the investment management company’s stock worth $301,000 after purchasing an additional 1,898 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in Pimco Corporate & Income Opportunity Fund by 14.6% in the first quarter. Arkadios Wealth Advisors now owns 45,970 shares of the investment management company’s stock valued at $554,000 after buying an additional 5,862 shares during the last quarter. Readystate Asset Management LP increased its holdings in Pimco Corporate & Income Opportunity Fund by 72.0% in the first quarter. Readystate Asset Management LP now owns 70,430 shares of the investment management company’s stock valued at $849,000 after buying an additional 29,494 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Pimco Corporate & Income Opportunity Fund by 2.8% in the first quarter. Royal Bank of Canada now owns 600,310 shares of the investment management company’s stock valued at $7,240,000 after buying an additional 16,237 shares in the last quarter. 10.25% of the stock is owned by hedge funds and other institutional investors.
Pimco Corporate & Income Opportunity Fund Stock Performance
Shares of Pimco Corporate & Income Opportunity Fund stock traded up $0.10 on Friday, reaching $11.89. 776,632 shares of the company were exchanged, compared to its average volume of 997,926. Pimco Corporate & Income Opportunity Fund has a 1-year low of $11.58 and a 1-year high of $14.69. The stock’s 50 day moving average price is $11.95 and its 200-day moving average price is $12.44.
Pimco Corporate & Income Opportunity Fund Announces Dividend
About Pimco Corporate & Income Opportunity Fund
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.
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