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

by · The Cerbat Gem

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.82 and traded as low as $3.74. Western Asset High Income Opportunity Fund shares last traded at $3.7550, with a volume of 283,582 shares trading hands.

Western Asset High Income Opportunity Fund Stock Down 0.3%

The business’s fifty day moving average is $3.76 and its 200 day moving average is $3.81.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.0355 per share. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MAI Capital Management boosted its position in Western Asset High Income Opportunity Fund by 14.6% during the second quarter. MAI Capital Management now owns 24,967 shares of the closed-end fund’s stock worth $99,000 after purchasing an additional 3,175 shares during the period. Cetera Investment Advisers raised its position in shares of Western Asset High Income Opportunity Fund by 3.5% in the fourth quarter. Cetera Investment Advisers now owns 98,413 shares of the closed-end fund’s stock valued at $365,000 after purchasing an additional 3,341 shares during the period. Merit Financial Group LLC lifted its stake in shares of Western Asset High Income Opportunity Fund by 20.7% during the 4th quarter. Merit Financial Group LLC now owns 20,295 shares of the closed-end fund’s stock valued at $75,000 after buying an additional 3,486 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Western Asset High Income Opportunity Fund by 1.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 398,939 shares of the closed-end fund’s stock worth $1,480,000 after buying an additional 4,559 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Western Asset High Income Opportunity Fund by 84.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after buying an additional 5,000 shares during the period.

Western Asset High Income Opportunity Fund Company Profile

(Get Free Report)

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.

Read More