Short Interest in Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Increases By 271.3%

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 204,745 shares, a growth of 271.3% from the November 30th total of 55,139 shares. Based on an average daily volume of 1,131,332 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,131,332 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 20.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 31,625 shares of the investment management company’s stock valued at $457,000 after purchasing an additional 5,436 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Pimco Corporate & Income Opportunity Fund by 1,200.0% during the third quarter. Captrust Financial Advisors now owns 194,877 shares of the investment management company’s stock valued at $2,814,000 after buying an additional 179,887 shares during the last quarter. Prosperity Wealth Management Inc. increased its holdings in shares of Pimco Corporate & Income Opportunity Fund by 31.3% in the third quarter. Prosperity Wealth Management Inc. now owns 95,780 shares of the investment management company’s stock worth $1,383,000 after buying an additional 22,830 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Pimco Corporate & Income Opportunity Fund by 19.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock worth $33,926,000 after buying an additional 385,602 shares during the period. Finally, Mariner LLC lifted its stake in shares of Pimco Corporate & Income Opportunity Fund by 42.9% in the 3rd quarter. Mariner LLC now owns 71,144 shares of the investment management company’s stock valued at $1,027,000 after acquiring an additional 21,370 shares during the last quarter. Hedge funds and other institutional investors own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Price Performance

Shares of PTY traded up $0.04 during midday trading on Friday, reaching $12.88. The stock had a trading volume of 1,326,246 shares, compared to its average volume of 1,221,894. The company’s 50-day moving average is $13.32 and its 200 day moving average is $13.80. Pimco Corporate & Income Opportunity Fund has a 12-month low of $11.70 and a 12-month high of $14.87.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Thursday, December 11th will be given a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Thursday, December 11th.

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.