Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.34 and traded as low as $11.79. Pimco Corporate & Income Opportunity Fund shares last traded at $11.8150, with a volume of 923,688 shares trading hands.

Pimco Corporate & Income Opportunity Fund Trading Down 0.9%

The company has a 50-day moving average price of $11.88 and a 200-day moving average price of $12.33.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Monday, July 13th will be given a dividend of $0.1188 per share. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Monday, July 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PTY. Vermillion & White Wealth Management Group LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund in the fourth quarter valued at $27,000. GHP Investment Advisors Inc. purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 1st quarter valued at about $32,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 4th quarter valued at about $42,000. Cresta Advisors Ltd. acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the 4th quarter valued at about $52,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Pimco Corporate & Income Opportunity Fund during the 4th quarter worth approximately $56,000. 10.25% of the stock is owned by hedge funds and other 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.