Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Shares Shorted: Short Interest Down 81.5% in October

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 106,429 shares, a decrease of 81.5% from the October 15th total of 575,699 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,282,688 shares, the short-interest ratio is presently 0.1 days.

Pimco Corporate & Income Opportunity Fund Stock Down 1.7%

Pimco Corporate & Income Opportunity Fund stock traded down $0.18 during trading hours on Thursday, reaching $10.73. 1,452,318 shares of the stock were exchanged, compared to its average volume of 1,304,387. Pimco Corporate & Income Opportunity Fund has a 52-week low of $10.56 and a 52-week high of $13.68. The firm’s 50 day moving average is $11.02 and its 200 day moving average is $11.85.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.1188 per share. This represents a $1.43 annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Friday, November 13th.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

Several hedge funds have recently bought and sold shares of PTY. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth $32,763,000. XML Financial LLC lifted its stake in shares of Pimco Corporate & Income Opportunity Fund by 10.3% during the 2nd quarter. XML Financial LLC now owns 1,754,583 shares of the investment management company’s stock worth $21,108,000 after purchasing an additional 163,536 shares during the period. Cetera Investment Advisers boosted its stake in Pimco Corporate & Income Opportunity Fund by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 1,153,947 shares of the investment management company’s stock worth $13,917,000 after buying an additional 33,527 shares during the last quarter. Axxcess Wealth Management LLC increased its position in Pimco Corporate & Income Opportunity Fund by 7.4% during the third quarter. Axxcess Wealth Management LLC now owns 670,821 shares of the investment management company’s stock worth $7,386,000 after purchasing an additional 46,131 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Pimco Corporate & Income Opportunity Fund by 2.8% during the first quarter. Royal Bank of Canada now owns 600,310 shares of the investment management company’s stock valued at $7,240,000 after acquiring an additional 16,237 shares during the period. 10.25% of the stock is owned by hedge funds and other institutional investors.

Pimco Corporate & Income Opportunity Fund Company Profile

PIMCO Corporate & Income Opportunity Fund is a publicly traded, actively managed closed-end investment fund. Its primary objective is to provide high current income, with capital appreciation as a secondary objective. The fund invests mainly in corporate debt securities and may hold both investment-grade and below-investment-grade bonds. Its portfolio can also include other income-producing fixed-income investments and securities from U.S. and international markets. Pacific Investment Management Company LLC (PIMCO), an investment manager specializing in fixed income, manages the fund.