Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Sees Large Decline in Short Interest

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 118,624 shares, a decline of 48.3% from the May 14th total of 229,621 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 961,593 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Pimco Corporate & Income Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 23.2% during the 3rd quarter. Private Advisor Group LLC now owns 712,068 shares of the investment management company’s stock worth $10,282,000 after purchasing an additional 134,053 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 3rd quarter worth $243,000. Consolidated Portfolio Review Corp grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 2.0% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 131,458 shares of the investment management company’s stock worth $1,898,000 after purchasing an additional 2,621 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 20.2% during the 3rd quarter. Insigneo Advisory Services LLC now owns 12,532 shares of the investment management company’s stock worth $181,000 after purchasing an additional 2,106 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 44.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 29,091 shares of the investment management company’s stock worth $420,000 after purchasing an additional 8,965 shares in the last quarter. 10.25% of the stock is currently owned by institutional investors.

Pimco Corporate & Income Opportunity Fund Stock Performance

PTY traded up $0.03 during trading on Friday, hitting $11.73. The stock had a trading volume of 747,951 shares, compared to its average volume of 948,252. The company has a 50 day moving average price of $12.03 and a 200-day moving average price of $12.55. Pimco Corporate & Income Opportunity Fund has a one year low of $11.58 and a one year high of $14.69.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a $0.1188 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a yield of 12.2%.

Pimco Corporate & Income Opportunity Fund Company Profile

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.