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

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.28 and traded as low as $13.75. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.78, with a volume of 774,666 shares changing hands.

PIMCO Corporate & Income Opportunity Fund Trading Down 0.9%

The stock’s 50 day simple moving average is $13.72 and its two-hundred day simple moving average is $14.28.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date of this dividend is Monday, May 12th.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Integrity Alliance LLC. bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the first quarter valued at approximately $1,438,000. Jane Street Group LLC bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the first quarter valued at approximately $472,000. Smith Asset Management Co. LLC bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the first quarter valued at approximately $2,417,000. Cape Investment Advisory Inc. bought a new position in shares of PIMCO Corporate & Income Opportunity Fund during the first quarter valued at approximately $78,000. Finally, Plotkin Financial Advisors LLC increased its stake in shares of PIMCO Corporate & Income Opportunity Fund by 2.9% during the first quarter. Plotkin Financial Advisors LLC now owns 122,615 shares of the investment management company’s stock valued at $1,773,000 after purchasing an additional 3,424 shares in the last quarter. Institutional investors 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.