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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.95 and traded as low as $3.93. Western Asset High Income Opportunity Fund shares last traded at $3.95, with a volume of 534,426 shares trading hands.

Western Asset High Income Opportunity Fund Price Performance

The company’s 50-day simple moving average is $3.95 and its 200-day simple moving average is $3.95.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be given a $0.0355 dividend. This represents a $0.43 annualized dividend and a yield of 10.80%. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On Western Asset High Income Opportunity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new position in Western Asset High Income Opportunity Fund during the third quarter worth $40,000. Pathway Financial Advisers LLC raised its stake in Western Asset High Income Opportunity Fund by 2.2% during the second quarter. Pathway Financial Advisers LLC now owns 262,557 shares of the closed-end fund’s stock worth $1,000,000 after buying an additional 5,682 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Western Asset High Income Opportunity Fund by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock worth $2,152,000 after buying an additional 6,000 shares during the last quarter. Shaker Financial Services LLC bought a new position in Western Asset High Income Opportunity Fund during the third quarter worth $103,000. Finally, Sanctuary Advisors LLC bought a new position in Western Asset High Income Opportunity Fund during the second quarter worth $59,000.

Western Asset High Income Opportunity Fund Company Profile

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.