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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $11.78 and traded as low as $10.96. Pimco Corporate & Income Opportunity Fund shares last traded at $10.9650, with a volume of 1,194,723 shares trading hands.

Pimco Corporate & Income Opportunity Fund Price Performance

The company has a 50 day simple moving average of $11.45 and a 200 day simple moving average of $11.78.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Tuesday, October 13th will be given a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date of this dividend is Tuesday, October 13th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in Pimco Corporate & Income Opportunity Fund in the second quarter valued at $32,763,000. XML Financial LLC boosted its stake in shares of Pimco Corporate & Income Opportunity Fund by 10.3% during the 2nd quarter. XML Financial LLC now owns 1,754,583 shares of the investment management company’s stock worth $21,108,000 after buying an additional 163,536 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 1,153,947 shares of the investment management company’s stock valued at $13,917,000 after acquiring an additional 33,527 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Pimco Corporate & Income Opportunity Fund by 2.8% in the 1st quarter. Royal Bank of Canada now owns 600,310 shares of the investment management company’s stock valued at $7,240,000 after acquiring an additional 16,237 shares in the last quarter. Finally, Equitable Holdings Inc. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the second quarter valued at about $6,654,000. Institutional investors and hedge funds own 10.25% of the company’s stock.

About Pimco Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company advised by Pacific Investment Management Company LLC (PIMCO), a global investment manager. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The fund invests primarily in corporate debt obligations and other income-producing securities. Its portfolio may include investment-grade and below-investment-grade securities, commonly known as high-yield or “junk” bonds, as well as other fixed-income instruments.