Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.68 and traded as low as $3.63. Western Asset High Income Opportunity Fund shares last traded at $3.6450, with a volume of 155,951 shares trading hands.

Western Asset High Income Opportunity Fund Stock Down 0.1%

The business has a 50 day moving average of $3.62 and a two-hundred day moving average of $3.68.

Western Asset High Income Opportunity Fund Dividend Announcement

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

Institutional Trading of Western Asset High Income Opportunity Fund

A number of hedge funds have recently modified their holdings of the stock. Sit Investment Associates Inc. boosted its holdings in shares of Western Asset High Income Opportunity Fund by 33.2% during the 4th quarter. Sit Investment Associates Inc. now owns 2,235,264 shares of the closed-end fund’s stock worth $8,293,000 after buying an additional 556,840 shares during the period. Invesco Ltd. raised its holdings in Western Asset High Income Opportunity Fund by 19.7% in the 4th quarter. Invesco Ltd. now owns 1,220,952 shares of the closed-end fund’s stock valued at $4,530,000 after acquiring an additional 201,345 shares during the period. FCA Corp TX raised its holdings 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 acquiring an additional 66,178 shares during the period. Wells Fargo & Company MN lifted its position in Western Asset High Income Opportunity Fund by 13.5% during the fourth quarter. Wells Fargo & Company MN now owns 776,289 shares of the closed-end fund’s stock worth $2,880,000 after acquiring an additional 92,096 shares during the last quarter. Finally, UBS Group AG lifted its position in Western Asset High Income Opportunity Fund by 59.7% during the third quarter. UBS Group AG now owns 753,190 shares of the closed-end fund’s stock worth $2,892,000 after acquiring an additional 281,615 shares during the last quarter.

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.