Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Crosses Above 50-Day Moving Average of $11.62

Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.62 and traded as high as $11.90. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.87, with a volume of 98,840 shares.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.3 %

The stock’s 50 day simple moving average is $11.62 and its 200 day simple moving average is $11.78.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a $0.095 dividend. The ex-dividend date is Friday, August 23rd. This represents a $1.14 dividend on an annualized basis and a yield of 9.60%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Prevail Innovative Wealth Advisors LLC grew its stake in Western Asset High Yield Defined Opportunity Fund by 6.8% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 20,637 shares of the company’s stock worth $247,000 after buying an additional 1,321 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 0.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 498,754 shares of the company’s stock worth $5,965,000 after acquiring an additional 1,972 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 3.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 66,894 shares of the company’s stock worth $809,000 after acquiring an additional 2,160 shares during the last quarter. Gilman Hill Asset Management LLC lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 8.1% in the 1st quarter. Gilman Hill Asset Management LLC now owns 33,175 shares of the company’s stock worth $397,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Catalytic Wealth RIA LLC lifted its holdings in shares of Western Asset High Yield Defined Opportunity Fund by 27.6% in the 1st quarter. Catalytic Wealth RIA LLC now owns 15,695 shares of the company’s stock worth $188,000 after acquiring an additional 3,393 shares during the last quarter.

About Western Asset High Yield Defined Opportunity Fund

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.