PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Sees Significant Decrease in Short Interest

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 373,400 shares, a drop of 22.6% from the November 15th total of 482,300 shares. Based on an average daily trading volume, of 597,100 shares, the short-interest ratio is currently 0.6 days.

PIMCO Corporate & Income Opportunity Fund Price Performance

Shares of PTY stock remained flat at $14.54 on Monday. The stock had a trading volume of 605,060 shares, compared to its average volume of 587,291. PIMCO Corporate & Income Opportunity Fund has a fifty-two week low of $13.06 and a fifty-two week high of $15.10. The company’s fifty day simple moving average is $14.59 and its 200-day simple moving average is $14.41.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be issued a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 9.80%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

Several hedge funds have recently bought and sold shares of the stock. Copperwynd Financial LLC increased its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 3.0% during the 2nd quarter. Copperwynd Financial LLC now owns 25,239 shares of the investment management company’s stock valued at $361,000 after purchasing an additional 736 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in PIMCO Corporate & Income Opportunity Fund by 1.2% during the third quarter. OneDigital Investment Advisors LLC now owns 70,320 shares of the investment management company’s stock valued at $1,012,000 after buying an additional 800 shares during the period. Integrity Financial Corp WA increased its holdings in PIMCO Corporate & Income Opportunity Fund by 4.7% in the third quarter. Integrity Financial Corp WA now owns 31,244 shares of the investment management company’s stock valued at $450,000 after buying an additional 1,395 shares in the last quarter. Creative Planning raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 11.1% in the third quarter. Creative Planning now owns 20,227 shares of the investment management company’s stock worth $291,000 after acquiring an additional 2,022 shares during the period. Finally, Concourse Financial Group Securities Inc. boosted its stake in shares of PIMCO Corporate & Income Opportunity Fund by 0.6% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 393,702 shares of the investment management company’s stock worth $5,680,000 after acquiring an additional 2,306 shares in the last quarter. Hedge funds and other institutional investors own 10.25% of the company’s stock.

About PIMCO Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.