Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Crosses Below 200 Day Moving Average – Here’s Why

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.68 and traded as low as $13.06. Pimco Corporate & Income Opportunity Fund shares last traded at $13.0750, with a volume of 766,432 shares.

Pimco Corporate & Income Opportunity Fund Trading Down 0.0%

The stock has a fifty day moving average of $13.06 and a 200-day moving average of $13.68.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Tuesday, January 13th will be issued a $0.1188 dividend. The ex-dividend date is Tuesday, January 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

Several large investors have recently added to or reduced their stakes in PTY. Main Street Group LTD increased its position in shares of Pimco Corporate & Income Opportunity Fund by 28.5% during the fourth quarter. Main Street Group LTD now owns 43,078 shares of the investment management company’s stock worth $556,000 after acquiring an additional 9,551 shares during the period. Private Trust Co. NA grew its stake in Pimco Corporate & Income Opportunity Fund by 9.7% in the fourth quarter. Private Trust Co. NA now owns 37,395 shares of the investment management company’s stock worth $482,000 after purchasing an additional 3,300 shares in the last quarter. CWM LLC raised its position in Pimco Corporate & Income Opportunity Fund by 76.3% during the 4th quarter. CWM LLC now owns 6,355 shares of the investment management company’s stock valued at $82,000 after purchasing an additional 2,751 shares in the last quarter. PFG Investments LLC lifted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 6.9% in the 4th quarter. PFG Investments LLC now owns 630,874 shares of the investment management company’s stock worth $8,138,000 after buying an additional 40,936 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Pimco Corporate & Income Opportunity Fund by 56.2% in the 4th quarter. Farther Finance Advisors LLC now owns 13,233 shares of the investment management company’s stock worth $171,000 after buying an additional 4,763 shares during the period. 10.25% of the stock is owned by hedge funds and other institutional investors.

Pimco Corporate & Income Opportunity Fund Company Profile

The Pimco Corporate & Income Opportunity Fund (NYSE: PTY) is a closed-end management investment company sponsored by Pacific Investment Management Company LLC (PIMCO). The fund’s primary objective is to provide a high level of current income, with a secondary focus on capital appreciation. It seeks to achieve these goals through investment in a diversified portfolio of corporate debt securities, loan participations and other fixed-income instruments.

PTY primarily invests in a broad range of U.S.