Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.71 and traded as low as $3.65. Western Asset High Income Opportunity Fund shares last traded at $3.6550, with a volume of 308,657 shares traded.

Western Asset High Income Opportunity Fund Trading Down 0.1%

The company has a fifty day moving average of $3.65 and a 200-day moving average of $3.71.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a dividend of $0.0355 per share. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 11.7%.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several institutional investors have recently bought and sold shares of the stock. Kanen Wealth Management LLC grew its holdings in Western Asset High Income Opportunity Fund by 2.1% during the first quarter. Kanen Wealth Management LLC now owns 490,454 shares of the closed-end fund’s stock worth $1,780,000 after buying an additional 10,000 shares in the last quarter. FCA Corp TX grew its stake in Western Asset High Income Opportunity Fund by 5.8% in the 1st quarter. FCA Corp TX now owns 1,206,739 shares of the closed-end fund’s stock valued at $4,380,000 after purchasing an additional 66,178 shares during the period. Cetera Investment Advisers grew its stake in Western Asset High Income Opportunity Fund by 11.4% in the 1st quarter. Cetera Investment Advisers now owns 109,681 shares of the closed-end fund’s stock valued at $398,000 after purchasing an additional 11,268 shares during the period. Calamos Advisors LLC grew its stake in Western Asset High Income Opportunity Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 163,795 shares of the closed-end fund’s stock valued at $595,000 after purchasing an additional 19,500 shares during the period. Finally, Fifth Third Bancorp bought a new position in Western Asset High Income Opportunity Fund in the 1st quarter valued at $83,000.

Western Asset High Income Opportunity Fund Company Profile

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.