Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.03 and traded as high as $12.06. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.98, with a volume of 66,510 shares changing hands.

Western Asset High Yield Defined Opportunity Fund Trading Down 0.2 %

The company’s 50-day simple moving average is $12.03 and its 200 day simple moving average is $12.11.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund

A number of institutional investors have recently modified their holdings of the company. Elequin Capital LP bought a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $53,000. Avior Wealth Management LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at about $65,000. Jones Financial Companies Lllp increased its stake in Western Asset High Yield Defined Opportunity Fund by 151.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,580 shares of the company’s stock valued at $149,000 after acquiring an additional 7,574 shares during the period. Cetera Investment Advisers raised its position in Western Asset High Yield Defined Opportunity Fund by 9.3% in the fourth quarter. Cetera Investment Advisers now owns 14,167 shares of the company’s stock worth $167,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in Western Asset High Yield Defined Opportunity Fund by 25.7% during the fourth quarter. Concurrent Investment Advisors LLC now owns 15,138 shares of the company’s stock worth $179,000 after purchasing an additional 3,091 shares during the period.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.