Western Asset High Income Opportunity Fund (NYSE:HIO) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 Trading Down 1.2%

The stock’s fifty day moving average is $3.74 and its two-hundred day moving average is $3.79.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.0355 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 11.8%.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

A number of hedge funds have recently bought and sold shares of the business. Penserra Capital Management LLC boosted its stake in Western Asset High Income Opportunity Fund by 16.3% during the 3rd quarter. Penserra Capital Management LLC now owns 1,429,226 shares of the closed-end fund’s stock valued at $5,488,000 after purchasing an additional 200,675 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Western Asset High Income Opportunity Fund during the third quarter valued at about $1,019,000. Envestnet Asset Management Inc. raised its holdings in shares of Western Asset High Income Opportunity Fund by 17.1% during the second quarter. Envestnet Asset Management Inc. now owns 126,879 shares of the closed-end fund’s stock valued at $505,000 after acquiring an additional 18,547 shares during the period. Kanen Wealth Management LLC acquired a new stake in Western Asset High Income Opportunity Fund during the 1st quarter valued at $1,448,000. Finally, Fiera Capital Corp grew its holdings in shares of Western Asset High Income Opportunity Fund by 1.3% during the third quarter. Fiera Capital Corp now owns 482,315 shares of the closed-end fund’s stock valued at $1,852,000 after buying an additional 6,245 shares in 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.