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

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 393,200 shares, an increase of 21.2% from the January 15th total of 324,400 shares. Based on an average daily volume of 633,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PTY. Citadel Advisors LLC bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the 4th quarter worth approximately $498,000. Bank of America Corp DE lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 6.9% during the 4th quarter. Bank of America Corp DE now owns 565,486 shares of the investment management company’s stock valued at $8,126,000 after purchasing an additional 36,362 shares during the last quarter. Talon Private Wealth LLC acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the 4th quarter worth about $611,000. IHT Wealth Management LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the 4th quarter worth about $146,000. Finally, Stifel Financial Corp boosted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 20.7% during the 4th quarter. Stifel Financial Corp now owns 159,469 shares of the investment management company’s stock worth $2,292,000 after buying an additional 27,311 shares during the period. 10.25% of the stock is currently owned by institutional investors.

PIMCO Corporate & Income Opportunity Fund Trading Down 0.2 %

Shares of PIMCO Corporate & Income Opportunity Fund stock traded down $0.03 during trading hours on Monday, reaching $14.70. 520,424 shares of the company’s stock were exchanged, compared to its average volume of 656,816. The company has a 50 day moving average of $14.53 and a two-hundred day moving average of $14.47. PIMCO Corporate & Income Opportunity Fund has a fifty-two week low of $13.23 and a fifty-two week high of $15.10.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be given a dividend of $0.1188 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.43 annualized dividend and a yield of 9.70%.

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.