Short Interest in Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Expands By 301.9%

Pimco Corporate & Income Opportunity Fund (NYSE:PTYGet Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 569,146 shares, a growth of 301.9% from the June 30th total of 141,608 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 1,100,581 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTY. Vermillion & White Wealth Management Group LLC purchased a new position in Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at about $27,000. GHP Investment Advisors Inc. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter worth approximately $32,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 4th quarter worth approximately $42,000. Cresta Advisors Ltd. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 4th quarter worth approximately $52,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Pimco Corporate & Income Opportunity Fund in the 4th quarter valued at approximately $56,000. 10.25% of the stock is currently owned by institutional investors and hedge funds.

Pimco Corporate & Income Opportunity Fund Price Performance

Pimco Corporate & Income Opportunity Fund stock traded up $0.10 during midday trading on Friday, reaching $11.71. The company’s stock had a trading volume of 913,733 shares, compared to its average volume of 1,005,214. Pimco Corporate & Income Opportunity Fund has a fifty-two week low of $11.58 and a fifty-two week high of $14.69. The stock’s 50 day simple moving average is $11.86 and its 200 day simple moving average is $12.31.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be paid a $0.1188 dividend. The ex-dividend date is Monday, July 13th. This represents a c) annualized dividend and a dividend yield of 12.2%.

About Pimco Corporate & Income Opportunity Fund

(Get Free Report)

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.

Further Reading

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