Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Stock Price Up 0.2% – Here’s Why

Pimco Dynamic Income Opportunities Fund (NYSE:PDO)’s share price shot up 0.2% during trading on Tuesday . The company traded as high as $13.15 and last traded at $13.15. 576,730 shares changed hands during mid-day trading, an increase of 14% from the average session volume of 503,964 shares. The stock had previously closed at $13.13.

Pimco Dynamic Income Opportunities Fund Stock Up 0.2 %

The firm has a 50 day moving average price of $13.58 and a two-hundred day moving average price of $13.57.

Pimco Dynamic Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Thursday, December 12th will be given a $0.1279 dividend. This represents a $1.53 annualized dividend and a dividend yield of 11.65%. The ex-dividend date of this dividend is Thursday, December 12th. Pimco Dynamic Income Opportunities Fund’s payout ratio is currently -7,650.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. SOL Capital Management CO boosted its position in shares of Pimco Dynamic Income Opportunities Fund by 6.5% in the third quarter. SOL Capital Management CO now owns 1,245,645 shares of the company’s stock worth $17,589,000 after buying an additional 76,420 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Pimco Dynamic Income Opportunities Fund by 7.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 603,826 shares of the company’s stock worth $8,025,000 after acquiring an additional 44,042 shares during the period. HighTower Advisors LLC grew its position in Pimco Dynamic Income Opportunities Fund by 24.7% in the third quarter. HighTower Advisors LLC now owns 268,182 shares of the company’s stock valued at $3,786,000 after acquiring an additional 53,066 shares in the last quarter. Consolidated Portfolio Review Corp raised its stake in shares of Pimco Dynamic Income Opportunities Fund by 1.7% during the third quarter. Consolidated Portfolio Review Corp now owns 185,591 shares of the company’s stock valued at $2,621,000 after purchasing an additional 3,145 shares during the period. Finally, Leavell Investment Management Inc. lifted its position in shares of Pimco Dynamic Income Opportunities Fund by 29.4% during the third quarter. Leavell Investment Management Inc. now owns 147,135 shares of the company’s stock worth $2,095,000 after purchasing an additional 33,428 shares in the last quarter. 9.43% of the stock is owned by hedge funds and other institutional investors.