Western Asset High Income Opportunity Fund (NYSE:HIO) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.67 and traded as low as $3.53. Western Asset High Income Opportunity Fund shares last traded at $3.5550, with a volume of 403,662 shares.

Western Asset High Income Opportunity Fund Stock Performance

The firm’s fifty day moving average price is $3.61 and its 200-day moving average price is $3.66.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.0355 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) annualized dividend and a dividend yield of 12.0%.

Institutional Trading of Western Asset High Income Opportunity Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rareview Capital LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund during the fourth quarter worth $2,279,000. Sit Investment Associates Inc. grew its stake in Western Asset High Income Opportunity Fund by 33.2% during the fourth quarter. Sit Investment Associates Inc. now owns 2,235,264 shares of the closed-end fund’s stock worth $8,293,000 after purchasing an additional 556,840 shares during the period. Shaker Financial Services LLC grew its stake in Western Asset High Income Opportunity Fund by 191.0% during the fourth quarter. Shaker Financial Services LLC now owns 613,763 shares of the closed-end fund’s stock worth $2,277,000 after purchasing an additional 402,861 shares during the period. Readystate Asset Management LP increased its holdings in Western Asset High Income Opportunity Fund by 410.1% in the fourth quarter. Readystate Asset Management LP now owns 477,054 shares of the closed-end fund’s stock worth $1,770,000 after purchasing an additional 383,537 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in Western Asset High Income Opportunity Fund by 141.4% in the fourth quarter. Wolverine Asset Management LLC now owns 640,496 shares of the closed-end fund’s stock worth $2,376,000 after purchasing an additional 375,140 shares in the last quarter.

About Western Asset High Income Opportunity Fund

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.