Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.81 and traded as low as $3.67. Western Asset High Income Opportunity Fund shares last traded at $3.6950, with a volume of 431,584 shares changing hands.

Western Asset High Income Opportunity Fund Stock Up 0.7%

The firm’s 50 day moving average is $3.75 and its 200-day moving average is $3.81.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a dividend of $0.0355 per share. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Thursday, May 21st.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sit Investment Associates Inc. lifted its holdings in 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 worth $8,293,000 after purchasing an additional 556,840 shares during the last quarter. Penserra Capital Management LLC grew its holdings in 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 valued at $5,488,000 after purchasing an additional 200,675 shares during the last quarter. Invesco Ltd. grew its holdings in Western Asset High Income Opportunity Fund by 19.7% during the fourth 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. Wells Fargo & Company MN raised its position in shares of Western Asset High Income Opportunity Fund by 13.5% in the fourth 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 period. Finally, UBS Group AG raised its position 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 purchasing an additional 281,615 shares during the period.

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.