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

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) 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 daily volume of 633,900 shares, the days-to-cover ratio is currently 0.6 days.

PIMCO Corporate & Income Opportunity Fund Stock Up 0.1 %

Shares of NYSE:PTY traded up $0.02 during midday trading on Wednesday, reaching $14.73. 316,820 shares of the company's stock were exchanged, compared to its average volume of 652,737. The firm's 50 day simple moving average is $14.53 and its two-hundred day simple moving average is $14.47. PIMCO Corporate & Income Opportunity Fund has a fifty-two week low of $13.23 and a fifty-two week high of $15.10.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

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 given a dividend of $0.1188 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.68%.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the third quarter valued at $688,000. OneDigital Investment Advisors LLC grew its position in PIMCO Corporate & Income Opportunity Fund by 1.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 70,320 shares of the investment management company's stock valued at $1,012,000 after acquiring an additional 800 shares in the last quarter. Evergreen Wealth Management LLC increased its stake in PIMCO Corporate & Income Opportunity Fund by 11.3% during the third quarter. Evergreen Wealth Management LLC now owns 291,156 shares of the investment management company's stock worth $4,190,000 after purchasing an additional 29,550 shares during the period. Sigma Planning Corp increased its stake in PIMCO Corporate & Income Opportunity Fund by 8.2% during the third quarter. Sigma Planning Corp now owns 46,289 shares of the investment management company's stock worth $666,000 after purchasing an additional 3,510 shares during the period. Finally, Farther Finance Advisors LLC acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the third quarter worth about $39,000. Hedge funds and other 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.