Shares of Ivy High Income Opportunities Fund (NYSE:IVH) dropped 1.6% during trading on Wednesday . The company traded as low as $11.96 and last traded at $12.03. Approximately 121,392 shares were traded during trading, an increase of 56% from the average daily volume of 77,802 shares. The stock had previously closed at $12.23.
The company’s fifty day simple moving average is $12.08 and its 200 day simple moving average is $11.27.
The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date is Tuesday, September 15th.
About Ivy High Income Opportunities Fund (NYSE:IVH)
Ivy Funds – Ivy High Income Opportunities Fund is a closed ended fixed income mutual fund launched and managed by Ivy Investment Management Company. The fund invests in fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in high-yield corporate bonds of various maturities, secured loans, and other corporate fixed-income instruments, which are rated below investment grade (below Baa3 by Moody's or below BBB- by either S&P or Fitch).
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