PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Stock Passes Above 50-Day Moving Average – Should You Sell?

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.59 and traded as high as $14.61. PIMCO Corporate & Income Opportunity Fund shares last traded at $14.56, with a volume of 467,346 shares changing hands.

PIMCO Corporate & Income Opportunity Fund Price Performance

The business’s fifty day moving average is $14.59 and its two-hundred day moving average is $14.41.

PIMCO Corporate & Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, December 12th will be given a dividend of $0.1188 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.43 annualized dividend and a dividend yield of 9.80%.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

Hedge funds have recently bought and sold shares of the business. Copperwynd Financial LLC grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 3.0% in the second quarter. Copperwynd Financial LLC now owns 25,239 shares of the investment management company’s stock worth $361,000 after acquiring an additional 736 shares during the period. OneDigital Investment Advisors LLC raised its stake in PIMCO Corporate & Income Opportunity Fund by 1.2% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 70,320 shares of the investment management company’s stock valued at $1,012,000 after buying an additional 800 shares during the last quarter. Integrity Financial Corp WA lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 4.7% during the 3rd quarter. Integrity Financial Corp WA now owns 31,244 shares of the investment management company’s stock valued at $450,000 after buying an additional 1,395 shares during the period. Creative Planning boosted its stake in shares of PIMCO Corporate & Income Opportunity Fund by 11.1% in the 3rd quarter. Creative Planning now owns 20,227 shares of the investment management company’s stock worth $291,000 after buying an additional 2,022 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. grew its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 0.6% in the second quarter. Concourse Financial Group Securities Inc. now owns 393,702 shares of the investment management company’s stock worth $5,680,000 after acquiring an additional 2,306 shares during the period. Hedge funds and other institutional investors own 10.25% of the company’s stock.

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.