A Reversal for Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Is Not Near. The Stock Has Rise in Shorts

May 18, 2018 - By Michael Lara

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.31, from 1.39 in 2017Q3. It dropped, 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.
Benjamin F Edwards And Company has 0.01% invested in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) for 3,025 shares. North Star Invest Mngmt Corp invested in 2,500 shares or 0% of the stock. Kentucky-based Alphamark Lc has invested 0.02% in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY). Retail Bank Of Montreal Can reported 0% stake. 23,510 are owned by Cap Invest Advsrs Ltd Limited Liability Company. Focused Wealth Management owns 11,210 shares. Private Advisor Ltd reported 25,533 shares. Pnc Financial Group Inc reported 0% of its portfolio in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY). First Allied Advisory Services Incorporated, a Missouri-based fund reported 24,835 shares. Us Bankshares De stated it has 0% of its portfolio in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY). Homrich Berg accumulated 0.05% or 47,108 shares. Mark Sheptoff Fincl Planning Limited Liability Company has 70 shares for 0% of their portfolio. Royal Savings Bank Of Canada, a Ontario – Canada-based fund reported 51,647 shares. Raymond James Assoc has invested 0% in PIMCO Corporate & Income Opportunity Fund (NYSE:PTY). Ubs Asset Mgmt Americas reported 560 shares or 0% of all its holdings.

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 1.10 million 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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