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

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.75 and traded as low as $13.12. Pimco Corporate & Income Opportunity Fund shares last traded at $13.1450, with a volume of 1,005,677 shares.

Pimco Corporate & Income Opportunity Fund Trading Down 0.1%

The firm has a fifty day moving average price of $13.16 and a two-hundred day moving average price of $13.75.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Tuesday, January 13th will be issued a $0.1188 dividend. The ex-dividend date of this dividend is Tuesday, January 13th. This represents a c) annualized dividend and a yield of 10.8%.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of institutional investors have recently made changes to their positions in the company. Aspect Partners LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund during the 3rd quarter valued at $25,000. Eastern Bank purchased a new position in shares of Pimco Corporate & Income Opportunity Fund in the third quarter worth $26,000. CX Institutional bought a new position in shares of Pimco Corporate & Income Opportunity Fund during the third quarter valued at $32,000. Tableaux LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the second quarter valued at $32,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Pimco Corporate & Income Opportunity Fund by 31.6% during the second quarter. Farther Finance Advisors LLC now owns 7,735 shares of the investment management company’s stock valued at $108,000 after buying an additional 1,859 shares during the last quarter. Hedge funds and other institutional investors own 10.25% of the company’s stock.

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.