Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.00 and traded as low as $10.53. Western Asset High Yield Defined Opportunity Fund shares last traded at $10.5310, with a volume of 92,802 shares trading hands.

Western Asset High Yield Defined Opportunity Fund Stock Performance

The business’s 50 day moving average price is $10.76 and its two-hundred day moving average price is $11.00.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

A number of large investors have recently modified their holdings of HYI. Royal Bank of Canada boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 55.7% during the 4th quarter. Royal Bank of Canada now owns 6,073 shares of the company’s stock valued at $68,000 after purchasing an additional 2,173 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 3rd quarter valued at about $73,000. Fifth Third Bancorp bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 1st quarter valued at about $77,000. Kanen Wealth Management LLC bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at about $112,000. Finally, MRA Advisory Group boosted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 8.2% during the 3rd quarter. MRA Advisory Group now owns 12,558 shares of the company’s stock valued at $147,000 after purchasing an additional 954 shares in the last quarter.

About Western Asset High Yield Defined Opportunity Fund

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.