(NYSE:PTY) shares saw heavy trading volume with 725K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 119.62% over the normal average daily volume.
Traders are feeling more bullish on Pimco Corporate Opportunity Fund of late at least if you consider the change in short interest. The stock saw a fall in short interest between September 29, 2017 and October 13, 2017 of -55.28%. Short interest fell 98,946 over that timeframe. The short-interest ratio decreased to 0.0 and the percentage of shorted shares was 0.00% on October 13.
These funds have shifted positions in (PTY). Cetera Advisor Networks LLC reduced its investment by shedding 1,618 shares a decrease of 1.8% from 06/30/2017 to 09/30/2017. Cetera Advisor Networks LLC now controls 86,635 shares with a value of $1,453,000. The value of the position overall is down by 0.1%. As of quarter end Ladenburg Thalmann Financial Services Inc. had acquired a total of 225 shares growing its position 703.1%. The value in dollars went from $1,000 to $4,000 increasing 300.0% quarter to quarter.
Cetera Investment Advisers downsized its stake by selling 10,862 shares a decrease of 8.1% as of 09/30/2017. Cetera Investment Advisers now holds 123,763 shares worth $2,079,000. The total value of its holdings decreased 6.2%. As of the end of the quarter Ubs Group Ag had sold 49,507 shares trimming its holdings by 18.0%. The value of the investment in PTY decreased from $4,536,000 to $3,790,000 a change of $746,000 since the last quarter.
The company is trading down from yesterday’s close of 16.44. Pimco Corporate Opportunity Fund’s P/E ratio is N/A and market cap is 1.18B.
PIMCO Corporate Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund?s investment objective is to seek maximum total return through a combination of current income and capital appreciation in a diversified portfolio of United States dollar-denominated corporate debt obligations of varying maturities and other income producing securities. The Fund will normally focus on corporate debt obligations rated in the lowest investment-grade category (Baa or BBB) and in the highest non-investment-grade category (Ba or BB). Its portfolio includes corporate bonds and notes, the United States Government agency securities, sovereign debt obligations, municipal bonds, mortgage-backed securities, asset-backed securities and short-term investments..