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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.84 and traded as low as $3.77. Western Asset High Income Opportunity Fund shares last traded at $3.78, with a volume of 426,584 shares.

Western Asset High Income Opportunity Fund Trading Up 0.3%

The company has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $3.84.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a dividend of $0.0355 per share. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in shares of 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 worth $29,000 after purchasing an additional 6,330 shares during the period. PNC Financial Services Group Inc. grew its position in 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. Geneos Wealth Management Inc. grew its position 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 buying an additional 10,429 shares in the last quarter. Citadel Advisors LLC bought a new position in Western Asset High Income Opportunity Fund in the 3rd quarter worth about $47,000. Finally, Integrity Advisory Solutions LLC purchased a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter valued at about $50,000.

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.