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

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY)’s share price crossed 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.

PIMCO Corporate & Income Opportunity Fund Stock Performance

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

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be paid a $0.1188 dividend. This represents a $1.43 annualized dividend and a yield of 9.94%. The ex-dividend date is Thursday, December 12th.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of institutional investors have recently modified their holdings of the stock. XML Financial LLC increased its stake in shares of PIMCO Corporate & Income Opportunity Fund by 7.1% during the third 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 raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 11.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,092,233 shares of the investment management company’s stock valued at $15,630,000 after purchasing an additional 113,583 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of PIMCO Corporate & Income Opportunity Fund by 7.0% in the 2nd quarter. Cetera Investment Advisers now owns 854,575 shares of the investment management company’s stock worth $12,229,000 after purchasing an additional 56,011 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake 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 valued at $10,254,000 after purchasing an additional 152,443 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in PIMCO Corporate & Income Opportunity Fund by 81.3% during 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 buying an additional 236,616 shares during the period. 10.25% of the stock is 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.