Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Trading 0.8% Higher – Should You Buy?

Pimco Dynamic Income Opportunities Fund (NYSE:PDO)’s share price rose 0.8% on Wednesday . The company traded as high as $13.88 and last traded at $13.9510. Approximately 527,904 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 570,833 shares. The stock had previously closed at $13.84.

Pimco Dynamic Income Opportunities Fund Stock Up 0.8%

The company has a fifty day moving average of $13.86 and a 200-day moving average of $13.76.

Pimco Dynamic Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be given a dividend of $0.1279 per share. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Thursday, December 11th. Pimco Dynamic Income Opportunities Fund’s payout ratio is presently -7,650.00%.

Institutional Investors Weigh In On Pimco Dynamic Income Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in shares of Pimco Dynamic Income Opportunities Fund by 557.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 381,500 shares of the company’s stock worth $5,387,000 after purchasing an additional 323,435 shares during the last quarter. Cercano Management LLC grew its stake in shares of Pimco Dynamic Income Opportunities Fund by 21.6% in the second quarter. Cercano Management LLC now owns 1,666,651 shares of the company’s stock valued at $22,466,000 after buying an additional 295,858 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of Pimco Dynamic Income Opportunities Fund in the 1st quarter valued at $3,470,000. Royal Bank of Canada raised its holdings in shares of Pimco Dynamic Income Opportunities Fund by 21.8% in the 1st quarter. Royal Bank of Canada now owns 1,198,791 shares of the company’s stock valued at $16,639,000 after buying an additional 214,269 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in Pimco Dynamic Income Opportunities Fund during the 2nd quarter valued at about $2,357,000. Institutional investors and hedge funds own 9.43% of the company’s stock.

PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) is an actively managed closed-end fund sponsored by Pacific Investment Management Company LLC (“PIMCO”), a global investment manager specializing in fixed income. PDO seeks to provide investors with a high level of current income, with a secondary objective of capital appreciation. The fund trades on the New York Stock Exchange and follows a dynamic, multi-sector approach to income generation.

The fund’s portfolio is diversified across a broad range of fixed-income asset classes.