PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.39 and traded as low as $13.04. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.13, with a volume of 473,022 shares traded.

PIMCO Corporate & Income Opportunity Fund Price Performance

The business’s 50 day moving average is $14.08 and its two-hundred day moving average is $14.39.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.86%. The ex-dividend date of this dividend is Friday, April 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PTY. Jane Street Group LLC raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 83.7% during the 3rd quarter. Jane Street Group LLC now owns 22,991 shares of the investment management company’s stock valued at $331,000 after buying an additional 10,477 shares in the last quarter. Sanctuary Advisors LLC grew its position in PIMCO Corporate & Income Opportunity Fund by 5.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 54,243 shares of the investment management company’s stock worth $795,000 after acquiring an additional 2,621 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in PIMCO Corporate & Income Opportunity Fund by 205.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 48,769 shares of the investment management company’s stock worth $704,000 after purchasing an additional 32,798 shares during the period. Bank of New Hampshire grew its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 79.3% in the fourth quarter. Bank of New Hampshire now owns 3,425 shares of the investment management company’s stock worth $49,000 after purchasing an additional 1,515 shares during the last quarter. Finally, Accelerate Investment Advisors LLC increased its stake in shares of PIMCO Corporate & Income Opportunity Fund by 5.8% in the fourth quarter. Accelerate Investment Advisors LLC now owns 14,516 shares of the investment management company’s stock worth $209,000 after buying an additional 799 shares during the period. Institutional investors own 10.25% of the company’s stock.

About PIMCO Corporate & Income Opportunity Fund

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.