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PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

PIMCO Corporate & Income Opportunity Fund logo with Finance background

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.25 and traded as low as $13.64. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.68, with a volume of 634,615 shares.

PIMCO Corporate & Income Opportunity Fund Price Performance

The firm has a 50-day moving average price of $13.62 and a 200 day moving average price of $14.23.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a $0.1188 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.43 annualized dividend and a dividend yield of 10.37%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of PIMCO Corporate & Income Opportunity Fund in the 4th quarter worth approximately $27,000. Signaturefd LLC acquired a new position in PIMCO Corporate & Income Opportunity Fund during the 1st quarter valued at approximately $29,000. Rothschild Investment LLC acquired a new position in PIMCO Corporate & Income Opportunity Fund during the 1st quarter valued at approximately $39,000. Assetmark Inc. boosted its position in PIMCO Corporate & Income Opportunity Fund by 360.4% during the 1st quarter. Assetmark Inc. now owns 2,919 shares of the investment management company's stock valued at $42,000 after purchasing an additional 2,285 shares during the period. Finally, Continuum Advisory LLC boosted its position in PIMCO Corporate & Income Opportunity Fund by 30.3% during the 4th quarter. Continuum Advisory LLC now owns 3,072 shares of the investment management company's stock valued at $44,000 after purchasing an additional 714 shares during the period. Institutional investors and hedge funds own 10.25% of the company's stock.

About PIMCO Corporate & Income Opportunity Fund

(Get Free Report)

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.

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