Pimco Corporate & Income Opportunity Fund (NYSE:PTY) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Pimco Corporate & Income Opportunity Fund (NYSE:PTY)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $13.54 and traded as low as $12.76. Pimco Corporate & Income Opportunity Fund shares last traded at $12.8050, with a volume of 1,290,768 shares.

Pimco Corporate & Income Opportunity Fund Price Performance

The stock’s 50-day moving average is $13.01 and its 200 day moving average is $13.54.

Pimco Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 12th will be paid a $0.1188 dividend. The ex-dividend date is Thursday, February 12th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%.

Institutional Investors Weigh In On Pimco Corporate & Income Opportunity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of PTY. Aspect Partners LLC purchased a new stake in shares of Pimco Corporate & Income Opportunity Fund during the 3rd quarter worth $25,000. Eastern Bank acquired a new stake in shares of Pimco Corporate & Income Opportunity Fund in the third quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Pimco Corporate & Income Opportunity Fund during the fourth quarter worth about $27,000. Tableaux LLC acquired a new position in Pimco Corporate & Income Opportunity Fund during the second quarter worth about $32,000. Finally, CX Institutional acquired a new position in Pimco Corporate & Income Opportunity Fund during the third quarter worth about $32,000. Institutional investors and hedge funds own 10.25% of the company’s stock.

Pimco Corporate & Income Opportunity Fund Company Profile

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.