Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE:WIW)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.59 and traded as low as $8.44. Western Asset Inflation-Linked Opportunities & Income Fund shares last traded at $8.4650, with a volume of 218,185 shares traded.

Western Asset Inflation-Linked Opportunities & Income Fund Price Performance

The stock has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $8.59.

Western Asset Inflation-Linked Opportunities & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.0625 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 8.9%.

Hedge Funds Weigh In On Western Asset Inflation-Linked Opportunities & Income Fund

A number of hedge funds have recently bought and sold shares of WIW. TrueMark Investments LLC increased its position in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 5.4% during the 1st quarter. TrueMark Investments LLC now owns 190,656 shares of the investment management company’s stock valued at $1,613,000 after purchasing an additional 9,696 shares during the last quarter. Ionic Capital Management LLC increased its position in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 9.1% during the 4th quarter. Ionic Capital Management LLC now owns 170,464 shares of the investment management company’s stock valued at $1,464,000 after purchasing an additional 14,224 shares during the last quarter. Concorde Asset Management LLC increased its position in shares of Western Asset Inflation-Linked Opportunities & Income Fund by 16.2% during the 4th quarter. Concorde Asset Management LLC now owns 55,250 shares of the investment management company’s stock valued at $475,000 after purchasing an additional 7,700 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund during the 4th quarter valued at about $229,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Western Asset Inflation-Linked Opportunities & Income Fund during the 4th quarter valued at about $240,000.

About Western Asset Inflation-Linked Opportunities & Income Fund

Western Asset Inflation-Linked Opportunities & Income Fund (NYSE: WIW) is a closed-end management investment company whose primary objective is to provide total return through a combination of income and capital appreciation. The fund achieves this by investing predominantly in inflation-linked debt securities issued by U.S. and foreign governments, government agencies and supranational entities. By focusing on inflation-indexed instruments, the fund seeks to protect purchasing power and offer a potential hedge against rising consumer prices.

The fund typically allocates a substantial portion of its assets to U.S.