Western Asset High Income Opportunity Fund (NYSE:HIO) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

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 $3.92 and traded as low as $3.90. Western Asset High Income Opportunity Fund shares last traded at $3.93, with a volume of 168,481 shares trading hands.

Western Asset High Income Opportunity Fund Trading Up 0.6%

The business has a 50-day moving average of $3.85 and a 200-day moving average of $3.92.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be given a $0.0355 dividend. The ex-dividend date is Monday, June 23rd. This represents a dividend yield of 10.92%.

Institutional Trading of Western Asset High Income Opportunity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in HIO. Raymond James Financial Inc. acquired a new stake in shares of Western Asset High Income Opportunity Fund in the fourth quarter worth about $2,759,000. Kanen Wealth Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the first quarter worth about $1,448,000. LPL Financial LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 256.1% in the fourth quarter. LPL Financial LLC now owns 277,938 shares of the closed-end fund’s stock worth $1,092,000 after buying an additional 199,893 shares during the last quarter. Sit Investment Associates Inc. lifted its position in shares of Western Asset High Income Opportunity Fund by 9.5% in the fourth quarter. Sit Investment Associates Inc. now owns 1,255,712 shares of the closed-end fund’s stock worth $4,935,000 after buying an additional 108,624 shares during the last quarter. Finally, FCA Corp TX lifted its position in shares of Western Asset High Income Opportunity Fund by 8.0% in the fourth quarter. FCA Corp TX now owns 1,089,059 shares of the closed-end fund’s stock worth $4,280,000 after buying an additional 80,751 shares during the last quarter.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.