PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Passes Below 200 Day Moving Average – Time to Sell?

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.41 and traded as low as $14.23. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.34, with a volume of 666,797 shares traded.

PIMCO Corporate & Income Opportunity Fund Stock Up 0.3 %

The company’s 50 day simple moving average is $14.58 and its 200 day simple moving average is $14.41.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be given a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 9.91%. The ex-dividend date is Thursday, December 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. boosted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 205.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 48,769 shares of the investment management company’s stock valued at $704,000 after purchasing an additional 32,798 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of PIMCO Corporate & Income Opportunity Fund by 5.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 54,243 shares of the investment management company’s stock worth $795,000 after buying an additional 2,621 shares during the period. M&T Bank Corp boosted its holdings in PIMCO Corporate & Income Opportunity Fund by 14.7% in the third quarter. M&T Bank Corp now owns 126,310 shares of the investment management company’s stock valued at $1,818,000 after acquiring an additional 16,180 shares during the last quarter. Jane Street Group LLC grew its position in PIMCO Corporate & Income Opportunity Fund by 83.7% during the third quarter. Jane Street Group LLC now owns 22,991 shares of the investment management company’s stock valued at $331,000 after acquiring an additional 10,477 shares during the period. Finally, HighTower Advisors LLC increased its stake in PIMCO Corporate & Income Opportunity Fund by 8.4% during the third quarter. HighTower Advisors LLC now owns 42,042 shares of the investment management company’s stock worth $605,000 after acquiring an additional 3,254 shares during the last quarter. Institutional investors and hedge funds 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.