Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.95 and traded as low as $11.88. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.96, with a volume of 30,870 shares.

Western Asset High Yield Defined Opportunity Fund Stock Up 0.5%

The company’s fifty day simple moving average is $11.95 and its 200-day simple moving average is $11.84.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 24th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

A number of large investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in Western Asset High Yield Defined Opportunity Fund by 9.3% during the fourth quarter. Cetera Investment Advisers now owns 14,167 shares of the company’s stock valued at $167,000 after purchasing an additional 1,200 shares during the period. Elequin Capital LP acquired a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at $53,000. Huntleigh Advisors Inc. acquired a new position in Western Asset High Yield Defined Opportunity Fund during the first quarter valued at $7,388,000. Concurrent Investment Advisors LLC lifted its position in Western Asset High Yield Defined Opportunity Fund by 9.2% during the first quarter. Concurrent Investment Advisors LLC now owns 16,529 shares of the company’s stock valued at $196,000 after purchasing an additional 1,391 shares during the period. Finally, Readystate Asset Management LP acquired a new position in Western Asset High Yield Defined Opportunity Fund during the first quarter valued at $542,000.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.