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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.89 and traded as low as $3.72. Western Asset High Income Opportunity Fund shares last traded at $3.7350, with a volume of 528,816 shares trading hands.

Western Asset High Income Opportunity Fund Trading Down 0.3%

The company has a 50-day moving average price of $3.79 and a 200-day moving average price of $3.89.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.0355 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 11.5%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Kanen Wealth Management LLC purchased a new position in Western Asset High Income Opportunity Fund during the 1st quarter worth $1,448,000. UBS Group AG raised its holdings in shares of Western Asset High Income Opportunity Fund by 59.7% in the third quarter. UBS Group AG now owns 753,190 shares of the closed-end fund’s stock valued at $2,892,000 after buying an additional 281,615 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund during the third quarter worth about $1,019,000. Penserra Capital Management LLC grew its holdings in shares of Western Asset High Income Opportunity Fund by 16.3% during the third quarter. Penserra Capital Management LLC now owns 1,429,226 shares of the closed-end fund’s stock worth $5,488,000 after buying an additional 200,675 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the second quarter worth about $802,000.

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.