PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Crosses Below 200-Day Moving Average of $14.32

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.32 and traded as low as $14.30. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.34, with a volume of 649,708 shares changing hands.

PIMCO Corporate & Income Opportunity Fund Stock Performance

The company has a 50-day moving average of $14.26 and a 200 day moving average of $14.32.

PIMCO Corporate & Income Opportunity Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be paid a dividend of $0.1188 per share. This represents a $1.43 dividend on an annualized basis and a yield of 9.94%. The ex-dividend date is Friday, September 13th.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTY. Copperwynd Financial LLC increased its holdings in PIMCO Corporate & Income Opportunity Fund by 3.0% during the 2nd quarter. Copperwynd Financial LLC now owns 25,239 shares of the investment management company’s stock worth $361,000 after purchasing an additional 736 shares during the period. Dynamic Advisor Solutions LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 0.6% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 194,680 shares of the investment management company’s stock valued at $2,895,000 after buying an additional 1,191 shares during the period. AlphaMark Advisors LLC increased its stake in PIMCO Corporate & Income Opportunity Fund by 19.4% in the 1st quarter. AlphaMark Advisors LLC now owns 9,440 shares of the investment management company’s stock valued at $140,000 after purchasing an additional 1,536 shares in the last quarter. Exencial Wealth Advisors LLC increased its position in PIMCO Corporate & Income Opportunity Fund by 2.5% during the fourth quarter. Exencial Wealth Advisors LLC now owns 85,503 shares of the investment management company’s stock worth $1,132,000 after buying an additional 2,073 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in PIMCO Corporate & Income Opportunity Fund by 5.4% during the first quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the investment management company’s stock worth $622,000 after buying an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 10.25% of the company’s stock.

About PIMCO Corporate & Income Opportunity Fund

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.