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

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 373,400 shares, a decline of 22.6% from the November 15th total of 482,300 shares. Based on an average daily volume of 597,100 shares, the short-interest ratio is presently 0.6 days.

PIMCO Corporate & Income Opportunity Fund Stock Performance

Shares of PTY remained flat at $14.54 during trading hours on Monday. 605,060 shares of the stock were exchanged, compared to its average volume of 587,291. The firm has a 50 day moving average price of $14.59 and a two-hundred day moving average price of $14.41. PIMCO Corporate & Income Opportunity Fund has a 52-week low of $13.06 and a 52-week high of $15.10.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date of this dividend is Thursday, December 12th.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of large investors have recently modified their holdings of the stock. Copperwynd Financial LLC boosted its stake in PIMCO Corporate & Income Opportunity Fund by 3.0% during the second quarter. Copperwynd Financial LLC now owns 25,239 shares of the investment management company’s stock worth $361,000 after acquiring an additional 736 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in PIMCO Corporate & Income Opportunity Fund by 1.2% during the third quarter. OneDigital Investment Advisors LLC now owns 70,320 shares of the investment management company’s stock worth $1,012,000 after acquiring an additional 800 shares in the last quarter. Integrity Financial Corp WA boosted its stake in PIMCO Corporate & Income Opportunity Fund by 4.7% during the third quarter. Integrity Financial Corp WA now owns 31,244 shares of the investment management company’s stock worth $450,000 after acquiring an additional 1,395 shares in the last quarter. Creative Planning boosted its stake in PIMCO Corporate & Income Opportunity Fund by 11.1% during the third quarter. Creative Planning now owns 20,227 shares of the investment management company’s stock worth $291,000 after acquiring an additional 2,022 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its stake in PIMCO Corporate & Income Opportunity Fund by 0.6% during the second quarter. Concourse Financial Group Securities Inc. now owns 393,702 shares of the investment management company’s stock worth $5,680,000 after acquiring an additional 2,306 shares in the last quarter. Institutional investors own 10.25% of the company’s stock.

About PIMCO Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.