Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Up 220.8% in June

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a large 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 trading volume of 997,590 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

Several large investors have recently added to or reduced their stakes in the business. Merrithew & Thorsten Inc acquired a new position in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter worth $19,710,000. Rivernorth Capital Management LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at $16,026,000. Invesco Ltd. purchased a new position in Pimco Corporate & Income Opportunity Fund in the second quarter valued at $16,400,000. Wells Fargo & Company MN boosted its holdings in Pimco Corporate & Income Opportunity Fund by 209.6% in the fourth quarter. Wells Fargo & Company MN now owns 627,242 shares of the investment management company’s stock valued at $8,091,000 after purchasing an additional 424,649 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Pimco Corporate & Income Opportunity Fund by 19.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,452 shares of the investment management company’s stock worth $33,926,000 after purchasing an additional 385,602 shares in the last quarter. 10.25% of the stock is owned by hedge funds and other institutional investors.

Pimco Corporate & Income Opportunity Fund Stock Performance

Pimco Corporate & Income Opportunity Fund stock traded up $0.10 during midday trading on Friday, reaching $11.89. 776,632 shares of the stock traded hands, compared to its average volume of 997,926. The company has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $12.44. Pimco Corporate & Income Opportunity Fund has a 12-month low of $11.58 and a 12-month high of $14.69.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 11th will be paid a $0.1188 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 12.0%.

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.