Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.95 and traded as low as $3.93. Western Asset High Income Opportunity Fund shares last traded at $3.95, with a volume of 534,426 shares traded.

Western Asset High Income Opportunity Fund Price Performance

The company has a 50 day moving average of $3.95 and a 200 day moving average of $3.95.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 21st will be issued a $0.0355 dividend. This represents a $0.43 annualized dividend and a dividend yield of 10.80%. The ex-dividend date of this dividend is Friday, February 21st.

Institutional Trading of Western Asset High Income Opportunity Fund

Several large investors have recently added to or reduced their stakes in HIO. Park Avenue Securities LLC increased its stake in shares of Western Asset High Income Opportunity Fund by 32.1% in the fourth quarter. Park Avenue Securities LLC now owns 16,247 shares of the closed-end fund’s stock valued at $64,000 after buying an additional 3,951 shares in the last quarter. Pathway Financial Advisers LLC increased its position in Western Asset High Income Opportunity Fund by 2.2% in the 2nd quarter. Pathway Financial Advisers LLC now owns 262,557 shares of the closed-end fund’s stock valued at $1,000,000 after acquiring an additional 5,682 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of Western Asset High Income Opportunity Fund by 25.7% in the third quarter. Avior Wealth Management LLC now owns 28,404 shares of the closed-end fund’s stock worth $115,000 after acquiring an additional 5,802 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Western Asset High Income Opportunity Fund by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock worth $2,152,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the third quarter valued at approximately $40,000.

About Western Asset High Income Opportunity Fund

Western Asset High Income Opportunity Fund Inc is a closed ended fixed-income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company and Western Asset Management Company Limited. The fund invests in the fixed income markets of the United States.