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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.90 and traded as low as $3.78. Western Asset High Income Opportunity Fund shares last traded at $3.7950, with a volume of 519,780 shares changing hands.

Western Asset High Income Opportunity Fund Stock Performance

The company has a 50 day simple moving average of $3.81 and a two-hundred day simple moving average of $3.90.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid 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 dividend yield of 11.2%.

Institutional Trading of Western Asset High Income Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. increased its position in Western Asset High Income Opportunity Fund by 72.1% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 59,675 shares of the closed-end fund’s stock worth $238,000 after purchasing an additional 25,008 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 14.1% in the 1st quarter. HighTower Advisors LLC now owns 21,071 shares of the closed-end fund’s stock valued at $84,000 after purchasing an additional 2,603 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Western Asset High Income Opportunity Fund by 37.2% in the second quarter. Park Avenue Securities LLC now owns 22,662 shares of the closed-end fund’s stock worth $90,000 after purchasing an additional 6,149 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund during the second quarter worth $194,000. Finally, Atria Wealth Solutions Inc. increased its position in Western Asset High Income Opportunity Fund by 14.1% during the first quarter. Atria Wealth Solutions Inc. now owns 121,700 shares of the closed-end fund’s stock worth $488,000 after buying an additional 15,000 shares during the last quarter.

Western Asset High Income Opportunity Fund Company Profile

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.