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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 758,293 shares, an increase of 46.3% from the August 31st total of 518,318 shares. Based on an average daily trading volume, of 1,556,459 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

A number of large investors have recently bought and sold shares of PTY. Noble Wealth Management PBC increased its position in shares of Pimco Corporate & Income Opportunity Fund by 9.1% during the third quarter. Noble Wealth Management PBC now owns 363,339 shares of the investment management company’s stock worth $4,000,000 after acquiring an additional 30,290 shares in the last quarter. AG Asset Advisory LLC raised its holdings in shares of Pimco Corporate & Income Opportunity Fund by 8.0% during the second quarter. AG Asset Advisory LLC now owns 164,641 shares of the investment management company’s stock worth $1,981,000 after acquiring an additional 12,243 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at $160,000. Corient Private Wealth LP bought a new stake in Pimco Corporate & Income Opportunity Fund in the 2nd quarter valued at $170,000. Finally, HighTower Advisors LLC boosted its stake in Pimco Corporate & Income Opportunity Fund by 84.5% in the 2nd quarter. HighTower Advisors LLC now owns 127,516 shares of the investment management company’s stock worth $1,534,000 after purchasing an additional 58,412 shares during the period. 10.25% of the stock is owned by institutional investors.

Pimco Corporate & Income Opportunity Fund Stock Performance

PTY stock traded up $0.01 during midday trading on Thursday, hitting $11.02. 1,932,435 shares of the company’s stock were exchanged, compared to its average volume of 1,863,142. Pimco Corporate & Income Opportunity Fund has a one year low of $10.65 and a one year high of $14.69. The stock’s fifty day moving average price is $11.56 and its 200-day moving average price is $11.83.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be given a $0.1188 dividend. The ex-dividend date is Friday, September 11th. This represents a $1.43 annualized dividend and a dividend yield of 12.9%.

About Pimco Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade securities, commonly known as high-yield or “junk” bonds, as well as other fixed-income instruments.