Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Update

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 266,839 shares, a drop of 15.6% from the February 12th total of 316,207 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,093,577 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,093,577 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Pimco Corporate & Income Opportunity Fund Price Performance

PTY traded down $0.05 during trading on Wednesday, reaching $12.22. 672,486 shares of the stock traded hands, compared to its average volume of 1,237,281. Pimco Corporate & Income Opportunity Fund has a fifty-two week low of $11.70 and a fifty-two week high of $14.69. The stock’s 50-day simple moving average is $12.89 and its two-hundred day simple moving average is $13.40.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Thursday, March 12th will be paid a $0.1188 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Thursday, March 12th.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Aspect Partners LLC bought a new stake in Pimco Corporate & Income Opportunity Fund during the third quarter worth about $25,000. Eastern Bank bought a new stake in Pimco Corporate & Income Opportunity Fund during the 3rd quarter worth about $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in Pimco Corporate & Income Opportunity Fund during the 4th quarter valued at about $27,000. CX Institutional bought a new position in shares of Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at about $32,000. Finally, Tableaux LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth approximately $32,000. Institutional investors own 10.25% of the company’s stock.

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.