Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Passes Below Two Hundred Day Moving Average - Here's Why

Key Points

• Shares fell below its 200-day moving average: PTY traded as low as $12.23 and last at $12.2550 versus a 200‑day MA of $12.88, on volume of 948,202 shares.
• Monthly dividend announced: a $0.1188 per‑share payment payable June 1 with an ex‑dividend/record date of May 11, implying an annualized yield of 11.6%.
• Institutional ownership is limited: hedge funds and institutions own about 10.25% of PTY, with several firms initiating small positions in recent quarters.

Shares of Pimco Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.88 and traded as low as $12.23. Pimco Corporate & Income Opportunity Fund shares last traded at $12.2550, with a volume of 948,202 shares traded.

Pimco Corporate & Income Opportunity Fund Trading Down 0.1%

The business has a fifty day moving average price of $12.26 and a 200 day moving average price of $12.88.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be issued a dividend of $0.1188 per share. The ex-dividend date is Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

Large investors have recently added to or reduced their stakes in the company. Aspect Partners LLC acquired a new position in Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at approximately $25,000. Eastern Bank acquired a new position in Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at approximately $26,000. Vermillion & White Wealth Management Group LLC acquired a new position in Pimco Corporate & Income Opportunity Fund in the 4th quarter valued at approximately $27,000. CX Institutional acquired a new position in Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at approximately $32,000. Finally, GHP Investment Advisors Inc. acquired a new position in Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 10.25% of the company's stock.

About Pimco Corporate & Income Opportunity Fund

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.

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