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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 569,146 shares, an increase of 301.9% from the June 30th total of 141,608 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 1,100,581 shares, the short-interest ratio is currently 0.5 days.

Pimco Corporate & Income Opportunity Fund Stock Down 0.3%

Pimco Corporate & Income Opportunity Fund stock traded down $0.04 during midday trading on Monday, hitting $11.65. 865,546 shares of the stock were exchanged, compared to its average volume of 1,012,054. Pimco Corporate & Income Opportunity Fund has a 52-week low of $11.58 and a 52-week high of $14.69. The business’s 50-day moving average price is $11.86 and its 200-day moving average price is $12.29.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Monday, July 13th will be given a dividend of $0.1188 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTY. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 4th quarter worth approximately $27,000. GHP Investment Advisors Inc. purchased a new position in Pimco Corporate & Income Opportunity Fund in the first quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC bought a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter valued at $42,000. Cresta Advisors Ltd. bought a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter valued at $52,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in Pimco Corporate & Income Opportunity Fund during the fourth quarter valued at $56,000. 10.25% of the stock is currently owned by hedge funds and other institutional investors.

About Pimco Corporate & Income Opportunity Fund

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.