Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Trading 0.3% Higher – Time to Buy?

Shares of Pimco Dynamic Income Opportunities Fund (NYSE:PDO) were up 0.3% during mid-day trading on Tuesday . The company traded as high as $13.88 and last traded at $13.8650. Approximately 525,119 shares were traded during trading, a decline of 6% from the average daily volume of 558,914 shares. The stock had previously closed at $13.82.

Pimco Dynamic Income Opportunities Fund Stock Up 0.3%

The company has a 50 day moving average price of $13.93 and a 200-day moving average price of $13.69.

Pimco Dynamic Income Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.1279 dividend. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Friday, November 14th. Pimco Dynamic Income Opportunities Fund’s dividend payout ratio is currently -7,650.00%.

Institutional Trading of Pimco Dynamic Income Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in PDO. Buska Wealth Management LLC acquired a new position in shares of Pimco Dynamic Income Opportunities Fund during the third quarter valued at approximately $237,000. Anfield Capital Management LLC bought a new position in Pimco Dynamic Income Opportunities Fund during the 3rd quarter valued at $101,000. Choreo LLC acquired a new position in shares of Pimco Dynamic Income Opportunities Fund during the 3rd quarter valued at $595,000. Wilmington Savings Fund Society FSB raised its stake in shares of Pimco Dynamic Income Opportunities Fund by 3.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 44,074 shares of the company’s stock worth $622,000 after buying an additional 1,264 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Pimco Dynamic Income Opportunities Fund by 21.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 43,023 shares of the company’s stock worth $607,000 after buying an additional 7,516 shares in the last quarter. 9.43% of the stock is currently owned by institutional investors.