Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.61 and traded as low as $3.42. Western Asset High Income Opportunity Fund shares last traded at $3.4250, with a volume of 430,327 shares.

Western Asset High Income Opportunity Fund Trading Up 0.1%

The stock has a 50-day simple moving average of $3.54 and a two-hundred day simple moving average of $3.61.

Western Asset High Income Opportunity Fund (NYSE:HIO) last released its quarterly earnings data on Thursday, August 20th. The closed-end fund reported $0.08 earnings per share for the quarter.

Western Asset High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a dividend of $0.0355 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date is Friday, November 20th.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Concurrent Investment Advisors LLC grew its stake in Western Asset High Income Opportunity Fund by 5.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 52,351 shares of the closed-end fund’s stock valued at $191,000 after acquiring an additional 2,863 shares during the period. Accredited Investor Services LLC lifted its stake in Western Asset High Income Opportunity Fund by 35.5% in the 4th quarter. Accredited Investor Services LLC now owns 24,070 shares of the closed-end fund’s stock valued at $89,000 after buying an additional 6,301 shares in the last quarter. NWF Advisory Services Inc. boosted its holdings in Western Asset High Income Opportunity Fund by 13.0% in the 2nd quarter. NWF Advisory Services Inc. now owns 64,333 shares of the closed-end fund’s stock worth $234,000 after buying an additional 7,412 shares during the last quarter. Integrity Advisory Solutions LLC boosted its holdings in Western Asset High Income Opportunity Fund by 67.6% in the 4th quarter. Integrity Advisory Solutions LLC now owns 21,786 shares of the closed-end fund’s stock worth $81,000 after buying an additional 8,787 shares during the last quarter. Finally, Wedbush Securities Inc. increased its stake in Western Asset High Income Opportunity Fund by 84.0% during the 2nd quarter. Wedbush Securities Inc. now owns 21,793 shares of the closed-end fund’s stock worth $83,000 after buying an additional 9,950 shares in the last quarter.

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.