Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Trading 0.1% Higher – Time to Buy?

Pimco Dynamic Income Opportunities Fund (NYSE:PDO) was up 0.1% during mid-day trading on Friday . The stock traded as high as $13.52 and last traded at $13.50. Approximately 294,660 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 588,545 shares. The stock had previously closed at $13.49.

Pimco Dynamic Income Opportunities Fund Price Performance

The firm’s 50 day moving average price is $13.41 and its 200-day moving average price is $13.58.

Pimco Dynamic Income Opportunities Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a dividend of $0.1279 per share. This represents a $1.53 annualized dividend and a yield of 11.37%. The ex-dividend date is Monday, May 12th. Pimco Dynamic Income Opportunities Fund’s payout ratio is -7,650.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Pimco Dynamic Income Opportunities Fund by 21.8% during the 1st quarter. Royal Bank of Canada now owns 1,198,791 shares of the company’s stock worth $16,639,000 after acquiring an additional 214,269 shares during the last quarter. Palogic Value Management L.P. raised its holdings in shares of Pimco Dynamic Income Opportunities Fund by 4.1% in the first quarter. Palogic Value Management L.P. now owns 87,226 shares of the company’s stock valued at $1,211,000 after purchasing an additional 3,448 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Pimco Dynamic Income Opportunities Fund in the first quarter valued at approximately $245,000. Guggenheim Capital LLC increased its holdings in Pimco Dynamic Income Opportunities Fund by 8.4% during the first quarter. Guggenheim Capital LLC now owns 745,810 shares of the company’s stock worth $10,352,000 after buying an additional 57,712 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its holdings in Pimco Dynamic Income Opportunities Fund by 57.9% during the first quarter. CreativeOne Wealth LLC now owns 49,750 shares of the company’s stock worth $691,000 after buying an additional 18,250 shares during the last quarter. Institutional investors own 9.43% of the company’s stock.