Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Trading 0.1% Higher – Here’s Why

Pimco Dynamic Income Opportunities Fund (NYSE:PDO) shares traded up 0.1% on Friday . The stock traded as high as $13.52 and last traded at $13.50. 294,660 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 588,545 shares. The stock had previously closed at $13.49.

Pimco Dynamic Income Opportunities Fund Price Performance

The firm’s 50 day moving average price is $13.41 and its two-hundred day moving average price is $13.58.

Pimco Dynamic Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.1279 per share. This represents a $1.53 dividend on an annualized basis and a yield of 11.37%. The ex-dividend date is Monday, May 12th. Pimco Dynamic Income Opportunities Fund’s payout ratio is presently -7,650.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Pimco Dynamic Income Opportunities Fund by 21.8% during the first quarter. Royal Bank of Canada now owns 1,198,791 shares of the company’s stock worth $16,639,000 after purchasing an additional 214,269 shares in the last quarter. Palogic Value Management L.P. grew its stake in Pimco Dynamic Income Opportunities Fund by 4.1% in the 1st quarter. Palogic Value Management L.P. now owns 87,226 shares of the company’s stock worth $1,211,000 after buying an additional 3,448 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Pimco Dynamic Income Opportunities Fund in the 1st quarter worth approximately $245,000. Guggenheim Capital LLC grew its stake in Pimco Dynamic Income Opportunities Fund by 8.4% in the 1st quarter. Guggenheim Capital LLC now owns 745,810 shares of the company’s stock worth $10,352,000 after buying an additional 57,712 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its stake in Pimco Dynamic Income Opportunities Fund by 57.9% in the 1st quarter. CreativeOne Wealth LLC now owns 49,750 shares of the company’s stock worth $691,000 after buying an additional 18,250 shares in the last quarter. 9.43% of the stock is currently owned by hedge funds and other institutional investors.