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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 380,492 shares, an increase of 220.8% from the May 31st total of 118,624 shares. Based on an average daily volume of 997,590 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of PTY. Vermillion & White Wealth Management Group LLC purchased a new position in Pimco Corporate & Income Opportunity Fund in the fourth quarter worth $27,000. GHP Investment Advisors Inc. purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 1st quarter valued at $32,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 4th quarter valued at $42,000. Cresta Advisors Ltd. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 4th quarter worth $52,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Pimco Corporate & Income Opportunity Fund during the 4th quarter worth $56,000. Hedge funds and other institutional investors own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Trading Up 0.8%

Shares of Pimco Corporate & Income Opportunity Fund stock opened at $11.99 on Tuesday. The company has a 50-day simple moving average of $11.94 and a two-hundred day simple moving average of $12.43. 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 disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be given a $0.1188 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%.

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.