Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Up 161.3% in January

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 174,872 shares, a growth of 161.3% from the January 15th total of 66,918 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 849,570 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 849,570 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Pimco Corporate & Income Opportunity Fund Price Performance

NYSE PTY traded down $0.13 on Thursday, hitting $12.99. 616,596 shares of the stock traded hands, compared to its average volume of 1,141,247. The business’s fifty day moving average is $13.02 and its two-hundred day moving average is $13.62. Pimco Corporate & Income Opportunity Fund has a 12 month low of $11.70 and a 12 month high of $14.78.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a yield of 11.0%.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Aspect Partners LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the third quarter worth $25,000. Eastern Bank bought a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 3rd quarter valued at $26,000. Tableaux LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 2nd quarter valued at $32,000. CX Institutional purchased a new stake in Pimco Corporate & Income Opportunity Fund during the 3rd quarter worth about $32,000. Finally, Cresta Advisors Ltd. bought a new position in Pimco Corporate & Income Opportunity Fund in the 4th quarter worth about $52,000. 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.