Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Sees Large Drop in Short Interest

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 69,891 shares, a decrease of 65.9% from the December 15th total of 204,745 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,705,728 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 1,705,728 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several institutional investors have recently modified their holdings of PTY. Aspect Partners LLC purchased a new position in shares of Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at $25,000. Eastern Bank purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the third quarter worth about $26,000. CX Institutional acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the third quarter worth about $32,000. Tableaux LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the second quarter worth about $32,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 31.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,735 shares of the investment management company’s stock valued at $108,000 after purchasing an additional 1,859 shares during the last quarter. Hedge funds and other institutional investors own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Stock Down 0.0%

NYSE PTY traded down $0.01 during trading on Thursday, reaching $13.08. 829,053 shares of the company’s stock were exchanged, compared to its average volume of 1,365,751. The company has a 50 day moving average price of $13.11 and a two-hundred day moving average price of $13.73. Pimco Corporate & Income Opportunity Fund has a 1 year low of $11.70 and a 1 year high of $14.87.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be issued a $0.1188 dividend. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Tuesday, January 13th.

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.