PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Down 37.8% in January

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PTY. Northwestern Mutual Wealth Management Co. raised its position in PIMCO Corporate & Income Opportunity Fund by 27.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 716,571 shares of the investment management company's stock worth $10,254,000 after purchasing an additional 152,443 shares during the last quarter. Sunbelt Securities Inc. increased its position in PIMCO Corporate & Income Opportunity Fund by 97.8% in the second quarter. Sunbelt Securities Inc. now owns 32,121 shares of the investment management company's stock worth $460,000 after purchasing an additional 15,878 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of PIMCO Corporate & Income Opportunity Fund in the 2nd quarter valued at about $230,000. Truist Financial Corp lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 458.4% in the second quarter. Truist Financial Corp now owns 268,396 shares of the investment management company's stock valued at $3,841,000 after buying an additional 220,335 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of PIMCO Corporate & Income Opportunity Fund by 7.0% in the 2nd quarter. Cetera Investment Advisers now owns 854,575 shares of the investment management company's stock valued at $12,229,000 after purchasing an additional 56,011 shares during the period. Institutional investors and hedge funds own 10.25% of the company's stock.

PIMCO Corporate & Income Opportunity Fund Price Performance

NYSE:PTY traded up $0.03 during trading hours on Wednesday, hitting $14.66. 172,862 shares of the company traded hands, compared to its average volume of 665,366. PIMCO Corporate & Income Opportunity Fund has a twelve month low of $13.23 and a twelve month high of $15.10. The firm has a 50-day moving average of $14.52 and a 200 day moving average of $14.42.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Monday, January 13th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Monday, January 13th. This represents a $1.43 annualized dividend and a yield of 9.73%.

PIMCO Corporate & Income Opportunity Fund Company Profile

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.

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