Short Interest in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Declines By 32.5%

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totalling 533,800 shares, a decline of 32.5% from the April 15th total of 791,300 shares. Based on an average daily volume of 627,300 shares, the days-to-cover ratio is currently 0.9 days.

PIMCO Corporate & Income Opportunity Fund Stock Performance

PTY traded up $0.01 during trading hours on Friday, hitting $14.09. 488,443 shares of the company's stock were exchanged, compared to its average volume of 712,008. PIMCO Corporate & Income Opportunity Fund has a 1-year low of $11.92 and a 1-year high of $15.10. The stock's 50-day moving average is $14.41 and its two-hundred day moving average is $13.90.

PIMCO Corporate & Income Opportunity Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a $0.119 dividend. This is a boost from PIMCO Corporate & Income Opportunity Fund's previous monthly dividend of $0.12. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.43 annualized dividend and a dividend yield of 10.13%.

Institutional Trading of PIMCO Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its stake in shares of PIMCO Corporate & Income Opportunity Fund by 8.6% during the 3rd quarter. LPL Financial LLC now owns 1,691,572 shares of the investment management company's stock worth $22,109,000 after purchasing an additional 133,258 shares in the last quarter. PFG Investments LLC lifted its stake in PIMCO Corporate & Income Opportunity Fund by 1.0% in the third quarter. PFG Investments LLC now owns 1,560,709 shares of the investment management company's stock valued at $20,398,000 after acquiring an additional 15,755 shares during the last quarter. XML Financial LLC grew its position in shares of PIMCO Corporate & Income Opportunity Fund by 14.7% in the 4th quarter. XML Financial LLC now owns 1,103,619 shares of the investment management company's stock valued at $14,612,000 after acquiring an additional 141,434 shares during the period. Commonwealth Equity Services LLC grew its position in shares of PIMCO Corporate & Income Opportunity Fund by 6.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 978,650 shares of the investment management company's stock valued at $14,553,000 after acquiring an additional 62,277 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of PIMCO Corporate & Income Opportunity Fund by 18.7% during the 1st quarter. Osaic Holdings Inc. now owns 704,031 shares of the investment management company's stock worth $10,470,000 after purchasing an additional 110,724 shares during the last quarter. 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.