PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Shares Cross Below 200-Day Moving Average – What’s Next?

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.40 and traded as low as $14.28. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.37, with a volume of 546,354 shares traded.

PIMCO Corporate & Income Opportunity Fund Price Performance

The firm’s 50-day moving average price is $14.56 and its 200-day moving average price is $14.40.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, December 12th will be given a dividend of $0.1188 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.43 annualized dividend and a dividend yield of 9.91%.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

Several hedge funds have recently made changes to their positions in the stock. XML Financial LLC boosted its stake in PIMCO Corporate & Income Opportunity Fund by 7.1% in the 3rd quarter. XML Financial LLC now owns 1,402,406 shares of the investment management company’s stock worth $20,181,000 after purchasing an additional 92,709 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of PIMCO Corporate & Income Opportunity Fund by 11.6% in the second quarter. Commonwealth Equity Services LLC now owns 1,092,233 shares of the investment management company’s stock valued at $15,630,000 after acquiring an additional 113,583 shares during the period. Cetera Investment Advisers grew its stake in PIMCO Corporate & Income Opportunity Fund by 7.0% during the second quarter. Cetera Investment Advisers now owns 854,575 shares of the investment management company’s stock valued at $12,229,000 after acquiring an additional 56,011 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in PIMCO Corporate & Income Opportunity Fund by 27.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 716,571 shares of the investment management company’s stock worth $10,254,000 after acquiring an additional 152,443 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in PIMCO Corporate & Income Opportunity Fund by 81.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 527,690 shares of the investment management company’s stock worth $7,551,000 after purchasing an additional 236,616 shares in the last quarter. 10.25% of the stock is currently owned by hedge funds and other institutional investors.

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.