Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Pimco Corporate & Income Opportunity Fund (NYSE:PTY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.95 and traded as low as $13.62. Pimco Corporate & Income Opportunity Fund shares last traded at $13.6550, with a volume of 528,612 shares traded.

Pimco Corporate & Income Opportunity Fund Price Performance

The firm’s 50-day simple moving average is $14.14 and its 200 day simple moving average is $13.95.

Pimco Corporate & Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.1188 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, November 14th.

Hedge Funds Weigh In On Pimco Corporate & Income Opportunity Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Aspect Partners LLC bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the third quarter valued at $25,000. Eastern Bank purchased a new stake in Pimco Corporate & Income Opportunity Fund in the 3rd quarter worth about $26,000. Signaturefd LLC purchased a new position in shares of Pimco Corporate & Income Opportunity Fund in the first quarter worth about $29,000. CX Institutional bought a new stake in shares of Pimco Corporate & Income Opportunity Fund in the third quarter valued at approximately $32,000. Finally, Tableaux LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 2nd quarter valued at approximately $32,000. 10.25% of the stock is owned by institutional investors.

Pimco Corporate & Income Opportunity Fund Company Profile

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.