Pimco Dynamic Income Opportunities Fund (NYSE:PDO – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 487,696 shares, a growth of 300.9% from the September 30th total of 121,663 shares. Based on an average daily trading volume, of 1,188,502 shares, the short-interest ratio is currently 0.4 days.
Pimco Dynamic Income Opportunities Fund Stock Up 0.5%
NYSE PDO traded up $0.06 on Wednesday, hitting $11.69. 679,613 shares of the company’s stock were exchanged, compared to its average volume of 785,608. Pimco Dynamic Income Opportunities Fund has a 52 week low of $11.51 and a 52 week high of $14.20. The stock has a 50-day moving average of $12.12 and a 200-day moving average of $13.02.
Pimco Dynamic Income Opportunities Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Tuesday, October 13th will be given a $0.1279 dividend. This represents a $1.53 dividend on an annualized basis and a yield of 13.1%. The ex-dividend date is Tuesday, October 13th. Pimco Dynamic Income Opportunities Fund’s payout ratio is currently -7,650.00%.
Hedge Funds Weigh In On Pimco Dynamic Income Opportunities Fund
A number of institutional investors and hedge funds have recently bought and sold shares of PDO. Integrated Wealth Concepts LLC acquired a new stake in shares of Pimco Dynamic Income Opportunities Fund during the second quarter valued at about $33,000. CoreCap Advisors LLC increased its stake in shares of Pimco Dynamic Income Opportunities Fund by 46.2% in the third quarter. CoreCap Advisors LLC now owns 3,800 shares of the company’s stock valued at $45,000 after buying an additional 1,200 shares during the period. Ameritas Advisory Services LLC bought a new position in Pimco Dynamic Income Opportunities Fund in the 2nd quarter valued at approximately $57,000. McAlister Sweet & Associates Inc. bought a new position in Pimco Dynamic Income Opportunities Fund in the 2nd quarter valued at approximately $133,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Pimco Dynamic Income Opportunities Fund in the 3rd quarter valued at approximately $136,000. Institutional investors and hedge funds own 9.43% of the company’s stock.
PIMCO Dynamic Income Opportunities Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol PDO. The fund is advised by Pacific Investment Management Company LLC, commonly known as PIMCO, a global investment manager specializing in fixed-income and other income-oriented strategies.
The fund seeks to provide current income as its primary objective and long-term capital appreciation as a secondary objective. It invests in a diversified portfolio of income-producing securities, including corporate bonds, government and sovereign debt, mortgage-related securities, asset-backed securities, and other fixed-income instruments.
PIMCO Dynamic Income Opportunities Fund may invest across developed and emerging markets and can use derivatives and other investment techniques to manage risk, gain exposure to markets, or pursue income and return opportunities.
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