Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.89 and traded as low as $3.72. Western Asset High Income Opportunity Fund shares last traded at $3.7350, with a volume of 528,816 shares changing hands.

Western Asset High Income Opportunity Fund Stock Performance

The business’s 50-day moving average price is $3.79 and its two-hundred day moving average price is $3.89.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.0355 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 11.4%.

Institutional Trading of Western Asset High Income Opportunity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new stake in Western Asset High Income Opportunity Fund during the second quarter valued at approximately $28,000. Farther Finance Advisors LLC increased its holdings in shares of Western Asset High Income Opportunity Fund by 504.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,584 shares of the closed-end fund’s stock valued at $29,000 after acquiring an additional 6,330 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock valued at $42,000 after acquiring an additional 5,000 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Western Asset High Income Opportunity Fund by 807.2% during the first quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Western Asset High Income Opportunity Fund during the third quarter worth $47,000.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.