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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 141,608 shares, a drop of 62.8% from the June 15th total of 380,492 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,135,546 shares, the days-to-cover ratio is currently 0.1 days.

Pimco Corporate & Income Opportunity Fund Trading Down 1.0%

Shares of PTY traded down $0.12 on Tuesday, reaching $11.82. The company’s stock had a trading volume of 1,470,950 shares, compared to its average volume of 944,734. Pimco Corporate & Income Opportunity Fund has a twelve month low of $11.58 and a twelve month high of $14.69. The firm has a fifty day moving average of $11.92 and a 200-day moving average of $12.37.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Merrithew & Thorsten Inc purchased a new position in shares of Pimco Corporate & Income Opportunity Fund during the fourth quarter valued at approximately $19,710,000. Rivernorth Capital Management LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund in the 4th quarter valued at $16,026,000. Invesco Ltd. purchased a new stake in Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at $16,400,000. Wells Fargo & Company MN lifted its stake in Pimco Corporate & Income Opportunity Fund by 209.6% during the 4th quarter. Wells Fargo & Company MN now owns 627,242 shares of the investment management company’s stock valued at $8,091,000 after acquiring an additional 424,649 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Pimco Corporate & Income Opportunity Fund by 19.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock valued at $33,926,000 after acquiring an additional 385,602 shares in the last quarter. 10.25% of the stock is owned by hedge funds and other institutional investors.

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.