Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Shares Up 0.3% – Time to Buy?

Shares of Pimco Dynamic Income Opportunities Fund (NYSE:PDO) rose 0.3% during mid-day trading on Wednesday . The stock traded as high as $12.97 and last traded at $12.9130. 325,935 shares changed hands during trading, a decline of 55% from the average daily volume of 716,454 shares. The stock had previously closed at $12.88.

Pimco Dynamic Income Opportunities Fund Trading Up 1.2%

The firm has a 50-day moving average price of $13.06 and a 200 day moving average price of $13.48.

Pimco Dynamic Income Opportunities Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 11th will be paid a $0.1279 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) annualized dividend and a yield of 11.7%. Pimco Dynamic Income Opportunities Fund’s dividend payout ratio is currently -7,650.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Pimco Dynamic Income Opportunities Fund by 53.4% in the 4th quarter. Royal Bank of Canada now owns 2,194,483 shares of the company’s stock valued at $30,371,000 after purchasing an additional 763,471 shares in the last quarter. Morgan Stanley raised its position in Pimco Dynamic Income Opportunities Fund by 14.9% in the 4th quarter. Morgan Stanley now owns 5,397,465 shares of the company’s stock worth $74,701,000 after purchasing an additional 698,797 shares during the period. Integrity Wealth Partners LLC purchased a new position in Pimco Dynamic Income Opportunities Fund in the 1st quarter worth $3,015,000. Balyasny Asset Management L.P. bought a new stake in Pimco Dynamic Income Opportunities Fund in the second quarter worth $2,357,000. Finally, UBS Group AG lifted its stake in Pimco Dynamic Income Opportunities Fund by 4.9% in the fourth quarter. UBS Group AG now owns 3,521,827 shares of the company’s stock worth $48,742,000 after purchasing an additional 164,530 shares during the last quarter. 9.43% of the stock is owned by hedge funds and other institutional investors.

PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) is an actively managed closed-end fund sponsored by Pacific Investment Management Company LLC (“PIMCO”), a global investment manager specializing in fixed income. PDO seeks to provide investors with a high level of current income, with a secondary objective of capital appreciation. The fund trades on the New York Stock Exchange and follows a dynamic, multi-sector approach to income generation.

The fund’s portfolio is diversified across a broad range of fixed-income asset classes.