Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Stock Price Up 0.8% – Here’s Why

Pimco Dynamic Income Opportunities Fund (NYSE:PDO)’s stock price was up 0.8% during trading on Wednesday . The stock traded as high as $13.88 and last traded at $13.9510. Approximately 527,904 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 570,833 shares. The stock had previously closed at $13.84.

Pimco Dynamic Income Opportunities Fund Stock Up 0.8%

The firm has a 50 day moving average price of $13.86 and a 200-day moving average price of $13.76.

Pimco Dynamic Income Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be paid a $0.1279 dividend. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Thursday, December 11th. Pimco Dynamic Income Opportunities Fund’s dividend payout ratio (DPR) is presently -7,650.00%.

Institutional Trading of Pimco Dynamic Income Opportunities Fund

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank lifted its position in shares of Pimco Dynamic Income Opportunities Fund by 70.7% during the 3rd quarter. Comerica Bank now owns 13,800 shares of the company’s stock worth $195,000 after purchasing an additional 5,717 shares during the last quarter. Invesco Ltd. raised its stake in Pimco Dynamic Income Opportunities Fund by 3.5% in the third quarter. Invesco Ltd. now owns 964,934 shares of the company’s stock valued at $13,625,000 after buying an additional 32,832 shares in the last quarter. Private Advisor Group LLC raised its stake in Pimco Dynamic Income Opportunities Fund by 18.6% in the third quarter. Private Advisor Group LLC now owns 237,181 shares of the company’s stock valued at $3,349,000 after buying an additional 37,113 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Pimco Dynamic Income Opportunities Fund during the 2nd quarter worth about $207,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Pimco Dynamic Income Opportunities Fund during the 2nd quarter worth about $2,357,000. Institutional investors and hedge funds own 9.43% of the company’s stock.

PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) is an actively managed closed-end fund sponsored by Pacific Investment Management Company LLC (“PIMCO”), a global investment manager specializing in fixed income. PDO seeks to provide investors with a high level of current income, with a secondary objective of capital appreciation. The fund trades on the New York Stock Exchange and follows a dynamic, multi-sector approach to income generation.

The fund’s portfolio is diversified across a broad range of fixed-income asset classes.