Western Asset High Income Opportunity Fund (NYSE:HIO) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.80 and traded as low as $3.64. Western Asset High Income Opportunity Fund shares last traded at $3.6550, with a volume of 341,176 shares trading hands.

Western Asset High Income Opportunity Fund Price Performance

The business has a 50-day simple moving average of $3.75 and a two-hundred day simple moving average of $3.80.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a $0.0355 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 11.7%.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in HIO. Farther Finance Advisors LLC boosted its position in Western Asset High Income Opportunity Fund by 504.8% in the third quarter. Farther Finance Advisors LLC now owns 7,584 shares of the closed-end fund’s stock valued at $29,000 after buying an additional 6,330 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Western Asset High Income Opportunity Fund by 84.7% during the third quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after buying an additional 5,000 shares in the last quarter. Laurel Oak Wealth Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the fourth quarter valued at approximately $40,000. One Capital Management LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the fourth quarter valued at approximately $43,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Western Asset High Income Opportunity Fund by 807.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 10,429 shares in the last quarter.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.