PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Passes Below 200 Day Moving Average of $13.99

PIMCO Corporate & Income Opportunity Fund (NYSE:PTYGet Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.99 and traded as low as $12.50. PIMCO Corporate & Income Opportunity Fund shares last traded at $12.63, with a volume of 387,432 shares.

PIMCO Corporate & Income Opportunity Fund Price Performance

The business’s fifty day moving average is $13.50 and its two-hundred day moving average is $13.99.

PIMCO Corporate & Income Opportunity Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be given a $0.1188 dividend. The ex-dividend date is Friday, September 9th. This represents a $1.43 dividend on an annualized basis and a yield of 11.29%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Private Trust Co. NA purchased a new position in PIMCO Corporate & Income Opportunity Fund during the 2nd quarter valued at about $115,000. Captrust Financial Advisors acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the 2nd quarter worth about $270,000. Goldman Sachs Group Inc. acquired a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the 2nd quarter worth about $477,000. International Assets Investment Management LLC increased its position in PIMCO Corporate & Income Opportunity Fund by 9.8% during the second quarter. International Assets Investment Management LLC now owns 63,945 shares of the investment management company’s stock worth $808,000 after buying an additional 5,701 shares during the period. Finally, Jane Street Group LLC acquired a new position in PIMCO Corporate & Income Opportunity Fund during the second quarter worth approximately $1,000,000. 9.35% of the stock is owned by institutional investors and hedge funds.

About PIMCO Corporate & Income Opportunity Fund

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PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.

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