PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Down 37.8% in December

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 289,000 shares, a decline of 37.8% from the December 15th total of 464,400 shares. Based on an average trading volume of 599,500 shares, the days-to-cover ratio is currently 0.5 days.

PIMCO Corporate & Income Opportunity Fund Price Performance

Shares of PTY stock traded down $0.02 on Tuesday, reaching $14.33. 613,442 shares of the company’s stock were exchanged, compared to its average volume of 663,224. PIMCO Corporate & Income Opportunity Fund has a 52 week low of $13.23 and a 52 week high of $15.10. The company’s fifty day simple moving average is $14.54 and its 200 day simple moving average is $14.41.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Monday, January 13th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $1.43 annualized dividend and a dividend yield of 9.95%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Choreo LLC boosted its stake in PIMCO Corporate & Income Opportunity Fund by 20.8% in the 2nd quarter. Choreo LLC now owns 33,428 shares of the investment management company’s stock worth $480,000 after purchasing an additional 5,751 shares in the last quarter. Parallel Advisors LLC lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 7.5% during the second quarter. Parallel Advisors LLC now owns 100,445 shares of the investment management company’s stock valued at $1,437,000 after purchasing an additional 6,986 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of PIMCO Corporate & Income Opportunity Fund by 81.3% in the second quarter. Envestnet Asset Management Inc. now owns 527,690 shares of the investment management company’s stock valued at $7,551,000 after purchasing an additional 236,616 shares during the period. J.W. Cole Advisors Inc. raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 62.9% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 27,241 shares of the investment management company’s stock worth $390,000 after purchasing an additional 10,522 shares during the last quarter. Finally, Rathbones Group PLC raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 17.9% during the 2nd quarter. Rathbones Group PLC now owns 16,500 shares of the investment management company’s stock worth $236,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 10.25% of the company’s stock.

PIMCO Corporate & Income Opportunity Fund Company Profile

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.