Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.71 and traded as low as $3.65. Western Asset High Income Opportunity Fund shares last traded at $3.6550, with a volume of 308,657 shares traded.

Western Asset High Income Opportunity Fund Stock Down 0.1%

The company’s fifty day simple moving average is $3.65 and its two-hundred day simple moving average is $3.71.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.0355 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 11.7%.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several hedge funds have recently bought and sold shares of HIO. Laurel Oak Wealth Management LLC acquired a new stake in Western Asset High Income Opportunity Fund in the fourth quarter worth $40,000. PNC Financial Services Group Inc. raised its holdings in Western Asset High Income Opportunity Fund by 84.7% in the third quarter. PNC Financial Services Group Inc. now owns 10,900 shares of the closed-end fund’s stock worth $42,000 after purchasing an additional 5,000 shares during the period. One Capital Management LLC acquired a new stake in Western Asset High Income Opportunity Fund in the fourth quarter worth $43,000. Geneos Wealth Management Inc. raised its holdings in Western Asset High Income Opportunity Fund by 807.2% in the first quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Western Asset High Income Opportunity Fund in the third quarter worth $47,000.

Western Asset High Income Opportunity Fund Company Profile

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.