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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.71 and traded as low as $3.56. Western Asset High Income Opportunity Fund shares last traded at $3.5750, with a volume of 311,577 shares traded.

Western Asset High Income Opportunity Fund Trading Up 0.1%

The stock’s 50-day simple moving average is $3.65 and its two-hundred day simple moving average is $3.71.

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Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a dividend of $0.0355 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 11.9%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Laurel Oak Wealth Management LLC acquired a new position in Western Asset High Income Opportunity Fund during the 4th quarter worth $40,000. PNC Financial Services Group Inc. lifted its position in Western Asset High Income Opportunity Fund by 84.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after acquiring an additional 5,000 shares during the last quarter. One Capital Management LLC acquired a new position in Western Asset High Income Opportunity Fund during the 4th quarter worth $43,000. Geneos Wealth Management Inc. lifted its position in Western Asset High Income Opportunity Fund by 807.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 10,429 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Western Asset High Income Opportunity Fund during the 3rd quarter worth $47,000.

About Western Asset High Income Opportunity Fund

(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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