PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

PIMCO Corporate & Income Opportunity Fund Stock Performance

The business’s 50-day simple moving average is $14.58 and its two-hundred day simple moving average is $14.41.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be paid 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 of this dividend is Thursday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PTY. XML Financial LLC raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 7.1% during the 3rd quarter. XML Financial LLC now owns 1,402,406 shares of the investment management company’s stock valued at $20,181,000 after buying an additional 92,709 shares during the period. Commonwealth Equity Services LLC grew its position in 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 in the last quarter. Cetera Investment Advisers raised its stake in shares of 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 purchasing an additional 56,011 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 27.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 716,571 shares of the investment management company’s stock worth $10,254,000 after purchasing an additional 152,443 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of PIMCO Corporate & Income Opportunity Fund by 81.3% in the second quarter. Envestnet Asset Management Inc. now owns 527,690 shares of the investment management company’s stock valued at $7,551,000 after purchasing an additional 236,616 shares during the period. Institutional investors and hedge funds own 10.25% of the company’s stock.

About PIMCO Corporate & Income Opportunity Fund

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.