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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.72 and traded as low as $3.58. Western Asset High Income Opportunity Fund shares last traded at $3.6150, with a volume of 539,282 shares traded.

Western Asset High Income Opportunity Fund Stock Down 0.4%

The business’s fifty day moving average is $3.65 and its 200 day moving average is $3.72.

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Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.0355 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Monday, August 24th.

Institutional Trading of Western Asset High Income Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in HIO. Kanen Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 1st quarter worth approximately $1,448,000. Jane Street Group LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 1st quarter worth approximately $139,000. Geneos Wealth Management Inc. raised its holdings in shares of Western Asset High Income Opportunity Fund by 807.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Western Asset High Income Opportunity Fund by 8.2% in the 2nd quarter. Cetera Investment Advisers now owns 77,992 shares of the closed-end fund’s stock worth $310,000 after purchasing an additional 5,937 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Western Asset High Income Opportunity Fund by 1.0% in the 2nd quarter. Invesco Ltd. now owns 1,006,497 shares of the closed-end fund’s stock worth $4,006,000 after purchasing an additional 10,194 shares in the last quarter.

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.

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