Short Interest in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Drops By 96.6%

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 15,600 shares, a decrease of 96.6% from the March 15th total of 457,800 shares. Based on an average daily volume of 141,600 shares, the short-interest ratio is currently 0.1 days.

PIMCO Corporate & Income Opportunity Fund Trading Down 1.9 %

PTY traded down $0.28 on Wednesday, hitting $14.76. 810,207 shares of the company were exchanged, compared to its average volume of 570,207. The business's fifty day moving average is $14.41 and its 200 day moving average is $13.68. PIMCO Corporate & Income Opportunity Fund has a fifty-two week low of $11.92 and a fifty-two week high of $15.10.

PIMCO Corporate & Income Opportunity Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a yield of 9.66%. The ex-dividend date is Wednesday, April 10th.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC acquired a new position in PIMCO Corporate & Income Opportunity Fund in the 2nd quarter worth $641,000. Advisory Services Network LLC lifted its holdings in PIMCO Corporate & Income Opportunity Fund by 21.3% in the 1st quarter. Advisory Services Network LLC now owns 17,398 shares of the investment management company's stock worth $267,000 after buying an additional 3,058 shares in the last quarter. Guggenheim Capital LLC acquired a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth $744,000. Atria Wealth Solutions Inc. acquired a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth $855,000. Finally, Invesco Ltd. acquired a new position in PIMCO Corporate & Income Opportunity Fund in the 1st quarter worth $11,458,000. Hedge funds and other institutional investors own 10.25% of the company's stock.

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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