PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Up 21.2% in January

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 393,200 shares, a growth of 21.2% from the January 15th total of 324,400 shares. Based on an average trading volume of 633,900 shares, the days-to-cover ratio is currently 0.6 days.

PIMCO Corporate & Income Opportunity Fund Trading Down 0.2 %

PTY stock traded down $0.03 during trading on Friday, hitting $14.70. The company had a trading volume of 520,424 shares, compared to its average volume of 656,816. PIMCO Corporate & Income Opportunity Fund has a 52-week low of $13.23 and a 52-week high of $15.10. The company has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $14.47.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, February 13th will be issued a dividend of $0.1188 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.43 dividend on an annualized basis and a yield of 9.70%.

Institutional Investors Weigh In On PIMCO Corporate & Income Opportunity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 3rd quarter valued at about $39,000. Bank of New Hampshire raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 79.3% in the 4th quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,515 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 4th quarter valued at about $58,000. IHT Wealth Management LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 4th quarter valued at about $146,000. Finally, Beacon Financial Advisory LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 3rd quarter valued at about $151,000. Institutional investors own 10.25% of the company’s stock.

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.