Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Crosses Below 200 Day Moving Average – Here’s Why

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 $13.75 and traded as low as $13.12. Pimco Corporate & Income Opportunity Fund shares last traded at $13.1450, with a volume of 1,005,677 shares trading hands.

Pimco Corporate & Income Opportunity Fund Trading Down 0.1%

The company has a 50 day simple moving average of $13.16 and a 200 day simple moving average of $13.75.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Tuesday, January 13th will be given a dividend of $0.1188 per share. This represents a c) annualized dividend and a dividend yield of 10.8%. The ex-dividend date is Tuesday, January 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aspect Partners LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the third quarter valued at approximately $25,000. Eastern Bank purchased a new stake in Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at approximately $26,000. Tableaux LLC acquired a new stake in Pimco Corporate & Income Opportunity Fund during the 2nd quarter valued at $32,000. CX Institutional purchased a new position in Pimco Corporate & Income Opportunity Fund during the third quarter worth $32,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Pimco Corporate & Income Opportunity Fund by 31.6% in the second quarter. Farther Finance Advisors LLC now owns 7,735 shares of the investment management company’s stock worth $108,000 after acquiring an additional 1,859 shares during the last quarter. Hedge funds and other institutional investors own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Company Profile

The Pimco Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company sponsored by Pacific Investment Management Company LLC (PIMCO). The fund’s primary objective is to provide a high level of current income, with a secondary focus on capital appreciation. It seeks to achieve these goals through investment in a diversified portfolio of corporate debt securities, loan participations and other fixed-income instruments.

PTY primarily invests in a broad range of U.S.