Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Stock Passes Below 200 Day Moving Average – What’s Next?

Shares of Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIWGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.59 and traded as low as $8.44. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $8.4650, with a volume of 218,185 shares trading hands.

Western Asset Inflation-Linked Opportunities & Income Fund Stock Performance

The company’s 50 day moving average price is $8.51 and its 200-day moving average price is $8.58.

Western Asset Inflation-Linked Opportunities & Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.0625 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 8.9%.

Hedge Funds Weigh In On Western Asset Inflation-Linked Opportunities & Income Fund

A number of hedge funds have recently bought and sold shares of WIW. Saba Capital Management L.P. raised its stake in Western Asset Inflation-Linked Opportunities & Income Fund by 324.6% during the fourth quarter. Saba Capital Management L.P. now owns 424,577 shares of the investment management company’s stock worth $3,647,000 after buying an additional 324,577 shares during the last quarter. Riverbridge Partners LLC raised its stake in Western Asset Inflation-Linked Opportunities & Income Fund by 157.8% during the fourth quarter. Riverbridge Partners LLC now owns 235,630 shares of the investment management company’s stock worth $2,024,000 after buying an additional 144,223 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in Western Asset Inflation-Linked Opportunities & Income Fund during the fourth quarter worth $1,189,000. GatePass Capital LLC bought a new position in Western Asset Inflation-Linked Opportunities & Income Fund during the first quarter worth $822,000. Finally, Private Advisor Group LLC raised its stake in Western Asset Inflation-Linked Opportunities & Income Fund by 10.7% during the fourth quarter. Private Advisor Group LLC now owns 974,328 shares of the investment management company’s stock worth $8,369,000 after buying an additional 94,162 shares during the last quarter.

Western Asset Inflation-Linked Opportunities & Income Fund Company Profile

(Get Free Report)

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) is a closed-end management investment company whose primary objective is to provide total return through a combination of income and capital appreciation. The fund achieves this by investing predominantly in inflation-linked debt securities issued by U.S. and foreign governments, government agencies and supranational entities. By focusing on inflation-indexed instruments, the fund seeks to protect purchasing power and offer a potential hedge against rising consumer prices.

The fund typically allocates a substantial portion of its assets to U.S.

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