Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Short Interest Report for October

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 106,429 shares, a drop of 81.5% from the October 15th total of 575,699 shares. Based on an average daily trading volume, of 1,282,688 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Pimco Corporate & Income Opportunity Fund Stock Performance

Shares of Pimco Corporate & Income Opportunity Fund stock traded down $0.06 during trading on Friday, reaching $10.68. The company’s stock had a trading volume of 1,364,163 shares, compared to its average volume of 1,545,735. The stock has a 50-day moving average price of $11.00 and a two-hundred day moving average price of $11.84. Pimco Corporate & Income Opportunity Fund has a one year low of $10.56 and a one year high of $13.50.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a $0.1188 dividend. This represents a $1.43 annualized dividend and a yield of 13.4%. The ex-dividend date is Friday, November 13th.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

A number of institutional investors have recently modified their holdings of PTY. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the second quarter valued at approximately $32,763,000. XML Financial LLC raised its position in Pimco Corporate & Income Opportunity Fund by 10.3% in the 2nd quarter. XML Financial LLC now owns 1,754,583 shares of the investment management company’s stock worth $21,108,000 after purchasing an additional 163,536 shares during the last quarter. Cetera Investment Advisers raised its position in Pimco Corporate & Income Opportunity Fund by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 1,153,947 shares of the investment management company’s stock worth $13,917,000 after purchasing an additional 33,527 shares during the last quarter. Axxcess Wealth Management LLC lifted its holdings in Pimco Corporate & Income Opportunity Fund by 7.4% during the 3rd quarter. Axxcess Wealth Management LLC now owns 670,821 shares of the investment management company’s stock worth $7,386,000 after buying an additional 46,131 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Pimco Corporate & Income Opportunity Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 600,310 shares of the investment management company’s stock worth $7,240,000 after buying an additional 16,237 shares in the last quarter. 10.25% of the stock is owned by institutional investors.

Pimco Corporate & Income Opportunity Fund Company Profile

PIMCO Corporate & Income Opportunity Fund is a publicly traded, actively managed closed-end investment fund. Its primary objective is to provide high current income, with capital appreciation as a secondary objective. The fund invests mainly in corporate debt securities and may hold both investment-grade and below-investment-grade bonds. Its portfolio can also include other income-producing fixed-income investments and securities from U.S. and international markets. Pacific Investment Management Company LLC (PIMCO), an investment manager specializing in fixed income, manages the fund.