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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.63 and traded as low as $13.07. Pimco Corporate & Income Opportunity Fund shares last traded at $13.09, with a volume of 1,283,571 shares trading hands.

Pimco Corporate & Income Opportunity Fund Stock Performance

The firm’s fifty day moving average is $13.02 and its 200 day moving average is $13.63.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be issued a dividend of $0.1188 per share. The ex-dividend date of this dividend is Thursday, February 12th. 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 institutional investors have recently made changes to their positions in PTY. Aspect Partners LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 3rd quarter valued at $25,000. Eastern Bank acquired a new position in shares of Pimco Corporate & Income Opportunity Fund during the third quarter worth $26,000. CX Institutional bought a new position in shares of Pimco Corporate & Income Opportunity Fund in the 3rd quarter valued at $32,000. Tableaux LLC bought a new stake in Pimco Corporate & Income Opportunity Fund during the 2nd quarter worth $32,000. Finally, Cresta Advisors Ltd. acquired a new position in Pimco Corporate & Income Opportunity Fund in the 4th quarter worth about $52,000. 10.25% of the stock is currently owned by institutional investors.

About Pimco Corporate & Income Opportunity Fund

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.