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

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.06 and traded as low as $11.91. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.96, with a volume of 24,185 shares traded.

Western Asset High Yield Defined Opportunity Fund Price Performance

The firm’s 50 day moving average price is $12.06 and its two-hundred day moving average price is $12.02.

Western Asset High Yield Defined Opportunity Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a $0.095 dividend. The ex-dividend date is Friday, January 24th.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of HYI. B. Riley Wealth Advisors Inc. acquired a new position in Western Asset High Yield Defined Opportunity Fund during the 2nd quarter valued at about $128,000. Sanctuary Advisors LLC purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the second quarter valued at approximately $180,000. MRA Advisory Group bought a new stake in Western Asset High Yield Defined Opportunity Fund during the third quarter worth $136,000. Future Financial Wealth Managment LLC purchased a new stake in Western Asset High Yield Defined Opportunity Fund in the 3rd quarter valued at $79,000. Finally, Gilman Hill Asset Management LLC raised its position in Western Asset High Yield Defined Opportunity Fund by 20.0% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 24,800 shares of the company’s stock valued at $307,000 after buying an additional 4,125 shares during the last quarter.

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.