Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Shares Up 0.1% – Here’s Why

Pimco Dynamic Income Opportunities Fund (NYSE:PDO) shares rose 0.1% during trading on Thursday . The company traded as high as $14.25 and last traded at $14.21. Approximately 587,191 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 541,283 shares. The stock had previously closed at $14.19.

Pimco Dynamic Income Opportunities Fund Stock Up 0.1%

The stock has a 50 day moving average price of $13.89 and a 200 day moving average price of $13.56.

Pimco Dynamic Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Tuesday, October 14th will be given a dividend of $0.1279 per share. This represents a c) annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Tuesday, October 14th. Pimco Dynamic Income Opportunities Fund’s dividend payout ratio (DPR) is currently -7,650.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. raised its position in Pimco Dynamic Income Opportunities Fund by 182.3% during the 1st quarter. J.W. Cole Advisors Inc. now owns 325,214 shares of the company’s stock worth $4,514,000 after purchasing an additional 210,001 shares during the last quarter. Tectonic Advisors LLC raised its position in Pimco Dynamic Income Opportunities Fund by 2.8% during the 1st quarter. Tectonic Advisors LLC now owns 32,291 shares of the company’s stock worth $448,000 after purchasing an additional 879 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Pimco Dynamic Income Opportunities Fund during the 1st quarter worth $408,000. Leavell Investment Management Inc. raised its position in Pimco Dynamic Income Opportunities Fund by 28.8% during the 1st quarter. Leavell Investment Management Inc. now owns 263,864 shares of the company’s stock worth $3,696,000 after purchasing an additional 58,981 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in Pimco Dynamic Income Opportunities Fund during the 1st quarter worth $1,000,000. 9.43% of the stock is owned by institutional investors.