Short Interest in Pimco Dynamic Income Opportunities Fund (NYSE:PDO) Drops By 64.0%

Pimco Dynamic Income Opportunities Fund (NYSE:PDO) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 99,571 shares, a decline of 64.0% from the April 30th total of 276,281 shares. Based on an average trading volume of 849,344 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Pimco Dynamic Income Opportunities Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. acquired a new position in shares of Pimco Dynamic Income Opportunities Fund during the third quarter valued at $27,000. Geneos Wealth Management Inc. increased its stake in Pimco Dynamic Income Opportunities Fund by 104.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,940 shares of the company’s stock valued at $41,000 after buying an additional 1,500 shares during the period. Aspect Partners LLC bought a new stake in shares of Pimco Dynamic Income Opportunities Fund during the 3rd quarter worth about $42,000. Allworth Financial LP raised its position in shares of Pimco Dynamic Income Opportunities Fund by 217.0% during the 3rd quarter. Allworth Financial LP now owns 3,233 shares of the company’s stock worth $46,000 after buying an additional 2,213 shares in the last quarter. Finally, Activest Wealth Management lifted its stake in shares of Pimco Dynamic Income Opportunities Fund by 32,866.7% in the 4th quarter. Activest Wealth Management now owns 4,945 shares of the company’s stock worth $68,000 after acquiring an additional 4,930 shares during the period. Institutional investors and hedge funds own 9.43% of the company’s stock.

Pimco Dynamic Income Opportunities Fund Stock Performance

Shares of PDO traded down $0.12 during midday trading on Monday, hitting $13.04. 785,972 shares of the stock traded hands, compared to its average volume of 733,557. Pimco Dynamic Income Opportunities Fund has a 1-year low of $12.37 and a 1-year high of $14.25. The business’s 50 day moving average price is $13.06 and its two-hundred day moving average price is $13.59.

Pimco Dynamic Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be issued a dividend of $0.1279 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 11.8%. Pimco Dynamic Income Opportunities Fund’s payout ratio is -7,650.00%.

PIMCO Dynamic Income Opportunities Fund (NYSE: PDO) is an actively managed closed-end fund sponsored by Pacific Investment Management Company LLC (“PIMCO”), a global investment manager specializing in fixed income. PDO seeks to provide investors with a high level of current income, with a secondary objective of capital appreciation. The fund trades on the New York Stock Exchange and follows a dynamic, multi-sector approach to income generation.

The fund’s portfolio is diversified across a broad range of fixed-income asset classes.