What’s Ahead for Pimco Corporate & Income Opportunity Fund (NYSE:PTY) After More Shorted Shares?

May 18, 2018 - By Stephen Andrade

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.31, from 1.39 in 2017Q3. It fall, as 10 investors sold PIMCO Corporate & Income Opportunity Fund shares while 16 reduced holdings. 8 funds opened positions while 20 raised stakes. 3.97 million shares or 2.34% less from 4.06 million shares in 2017Q3 were reported.
Moreover, Morgan Stanley has 0% invested in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY). Oarsman Capital holds 0.26% or 37,116 shares. Ubs Asset Mgmt Americas reported 560 shares. 403,662 are held by Invesco Ltd. Ptnrs Oh Adv stated it has 10,854 shares. California-based First Foundation Advisors has invested 0.04% in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY). Fiera Capital holds 0% or 21,066 shares. Sigma Planning Corp holds 0.05% or 42,233 shares in its portfolio. Gould Asset Mngmt Limited Com Ca reported 0.17% stake. North Star Investment Corporation invested in 2,500 shares. Whittier Tru, a California-based fund reported 3,373 shares. Royal Bank Of Canada stated it has 0% of its portfolio in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY). Rocky Mountain Advisers Limited Liability Corporation has 20,000 shares for 1.3% of their portfolio. 51,181 are owned by Us Bank & Trust De. Lucas owns 17,700 shares or 0.25% of their US portfolio.

The stock of Pimco Corporate & Income Opportunity Fund (NYSE:PTY) registered an increase of 21.39% in short interest. PTY’s total short interest was 1.10M shares in May as published by FINRA. Its up 21.39% from 903,400 shares, reported previously. With 239,400 shares average volume, it will take short sellers 5 days to cover their PTY’s short positions.

The stock increased 0.67% or $0.12 during the last trading session, reaching $18.06. About 238,256 shares traded. PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) has risen 9.49% since May 18, 2017 and is uptrending. It has underperformed by 2.06% the S&P500.

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