Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.72 and traded as low as $10.54. Western Asset High Yield Defined Opportunity Fund shares last traded at $10.59, with a volume of 66,376 shares changing hands.

Western Asset High Yield Defined Opportunity Fund Stock Performance

The business has a 50-day moving average price of $10.72 and a 200 day moving average price of $10.94.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be given a dividend of $0.095 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date is Monday, August 24th.

Institutional Investors Weigh In On Western Asset High Yield Defined Opportunity Fund

A number of institutional investors and hedge funds have recently modified their holdings of HYI. Jane Street Group LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 1st quarter valued at $207,000. Invesco Ltd. lifted its position in shares of Western Asset High Yield Defined Opportunity Fund by 4.7% during the 2nd quarter. Invesco Ltd. now owns 76,276 shares of the company’s stock valued at $914,000 after acquiring an additional 3,447 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Western Asset High Yield Defined Opportunity Fund by 9.9% during the 2nd quarter. Bank of America Corp DE now owns 39,569 shares of the company’s stock valued at $474,000 after acquiring an additional 3,562 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Western Asset High Yield Defined Opportunity Fund by 65.0% during the 2nd quarter. Osaic Holdings Inc. now owns 20,792 shares of the company’s stock valued at $249,000 after acquiring an additional 8,189 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Western Asset High Yield Defined Opportunity Fund by 10.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 15,288 shares of the company’s stock valued at $179,000 after acquiring an additional 1,441 shares during the last quarter.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.