PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock price breaks below 200-day moving average of $14.79


PIMCO Corporate & Income Opportunity Fund (NYSE:PTY – Get Rating) fell below its two hundred day moving average during Tuesday’s trading. The stock has a two hundred day moving average of $14.79 and is trading as low as $12.70. Shares of the PIMCO Corporate & Income Opportunity Fund last traded at $12.77, with a volume of 210,803 shares traded.

The company has a 50-day simple moving average of $13.79 and a 200-day simple moving average of $14.79.

The company also recently announced a monthly dividend, which will be paid on Monday, August 1. Shareholders of record on Monday, July 11 will receive a dividend of $0.1188. This represents a dividend of $1.43 on an annualized basis and a yield of 11.16%. The ex-date of this dividend is Friday, July 8.

Several institutional investors have recently bought and sold shares of the company. Carmel Capital Partners LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the second quarter at a value of $134,000. JW Cole Advisors Inc. purchased a new equity stake in the PIMCO Corporate & Income Opportunity Fund during the first quarter for $28,000. Advisory Services Network LLC increased its position in the shares of the PIMCO Corporate & Income Opportunity Fund by 21.3% during the first quarter. Advisory Services Network LLC now owns 17,398 shares of the investment management company worth $267,000 after acquiring 3,058 additional shares during the period. Guggenheim Capital LLC purchased a new stake in shares of PIMCO Corporate & Income Opportunity Fund during the first quarter at a value of $744,000. Finally, SFI Advisors LLC increased its position in shares of the PIMCO Corporate & Income Opportunity Fund by 23.7% during the first quarter. SFI Advisors LLC now owns 17,157 shares of the investment management company worth $263,000 after acquiring 3,289 additional shares during the period. 8.62% of the shares are currently held by institutional investors and hedge funds.

PIMCO Corporate & Income Opportunity Fund Company Profile (NYSE: PTY)

PIMCO Corporate & Income Opportunity Fund is a closed-end bond 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 bond markets worldwide. It invests in corporate debt securities rated in the lowest Baa or BBB investment grade and the highest Ba or BB investment grade grade.

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