PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Sees Significant Decline in Short Interest

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

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of large investors have recently modified their holdings of PTY. Copperwynd Financial LLC lifted its position in PIMCO Corporate & Income Opportunity Fund by 3.0% in the second quarter. Copperwynd Financial LLC now owns 25,239 shares of the investment management company’s stock valued at $361,000 after acquiring an additional 736 shares during the last quarter. Accelerate Investment Advisors LLC boosted its stake in PIMCO Corporate & Income Opportunity Fund by 5.8% during the 4th quarter. Accelerate Investment Advisors LLC now owns 14,516 shares of the investment management company’s stock worth $209,000 after purchasing an additional 799 shares during the period. OneDigital Investment Advisors LLC grew its position in PIMCO Corporate & Income Opportunity Fund by 1.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 70,320 shares of the investment management company’s stock worth $1,012,000 after purchasing an additional 800 shares during the last quarter. Integrity Financial Corp WA boosted its stake in shares of PIMCO Corporate & Income Opportunity Fund by 4.7% during the third quarter. Integrity Financial Corp WA now owns 31,244 shares of the investment management company’s stock worth $450,000 after buying an additional 1,395 shares during the period. Finally, Bank of New Hampshire raised its stake in PIMCO Corporate & Income Opportunity Fund by 79.3% during the 4th quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,515 shares during the last quarter. 10.25% of the stock is owned by hedge funds and other institutional investors.

PIMCO Corporate & Income Opportunity Fund Price Performance

NYSE PTY traded down $0.02 during trading hours on Tuesday, hitting $14.33. 613,442 shares of the company were exchanged, compared to its average volume of 663,224. The company has a 50 day moving average of $14.54 and a two-hundred day moving average of $14.41. PIMCO Corporate & Income Opportunity Fund has a 52-week low of $13.23 and a 52-week high of $15.10.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

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

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.