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

Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.71 and traded as low as $3.56. Western Asset High Income Opportunity Fund shares last traded at $3.5750, with a volume of 311,577 shares changing hands.

Western Asset High Income Opportunity Fund Stock Up 0.1%

The firm’s 50 day moving average is $3.65 and its 200-day moving average is $3.71.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.0355 dividend. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. lifted its stake in shares of Western Asset High Income Opportunity Fund by 33.2% in the 4th quarter. Sit Investment Associates Inc. now owns 2,235,264 shares of the closed-end fund’s stock valued at $8,293,000 after purchasing an additional 556,840 shares during the last quarter. Invesco Ltd. lifted its stake in shares of 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 purchasing an additional 201,345 shares during the last quarter. FCA Corp TX lifted its stake in shares of 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 purchasing an additional 66,178 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Western Asset High Income Opportunity Fund by 13.5% in the 4th quarter. Wells Fargo & Company MN now owns 776,289 shares of the closed-end fund’s stock valued at $2,880,000 after purchasing an additional 92,096 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Western Asset High Income Opportunity Fund by 59.7% in the 3rd quarter. UBS Group AG now owns 753,190 shares of the closed-end fund’s stock valued at $2,892,000 after purchasing an additional 281,615 shares during the last quarter.

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.