Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.12 and traded as high as $11.25. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.22, with a volume of 68,611 shares traded.

Western Asset High Yield Defined Opportunity Fund Trading Up 0.4%

The business has a 50-day moving average of $11.12 and a 200-day moving average of $11.46.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 10.2%.

Hedge Funds Weigh In On Western Asset High Yield Defined Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC bought a new stake in Western Asset High Yield Defined Opportunity Fund in the third quarter worth approximately $73,000. Allworth Financial LP acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter valued at $132,000. World Investment Advisors bought a new stake in Western Asset High Yield Defined Opportunity Fund in the third quarter worth $139,000. MRA Advisory Group increased its position in Western Asset High Yield Defined Opportunity Fund by 8.2% during the third quarter. MRA Advisory Group now owns 12,558 shares of the company’s stock worth $147,000 after buying an additional 954 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter worth $163,000.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.