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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.64 and traded as low as $3.47. Western Asset High Income Opportunity Fund shares last traded at $3.4750, with a volume of 226,194 shares.

Western Asset High Income Opportunity Fund Trading Up 0.3%

The firm has a 50-day moving average of $3.58 and a two-hundred day moving average of $3.64.

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 EPS for the quarter.

Western Asset High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.0355 per share. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date is Friday, November 20th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HIO. Sit Investment Associates Inc. increased its holdings in Western Asset High Income Opportunity Fund by 33.2% in the 4th quarter. Sit Investment Associates Inc. now owns 2,235,264 shares of the closed-end fund’s stock worth $8,293,000 after acquiring an additional 556,840 shares in the last quarter. Invesco Ltd. increased its stake in Western Asset High Income Opportunity Fund by 19.7% during the 4th quarter. Invesco Ltd. now owns 1,220,952 shares of the closed-end fund’s stock worth $4,530,000 after buying an additional 201,345 shares in the last quarter. FCA Corp TX raised its holdings in shares of Western Asset High Income Opportunity Fund by 5.8% during the first quarter. FCA Corp TX now owns 1,206,739 shares of the closed-end fund’s stock valued at $4,380,000 after acquiring an additional 66,178 shares during the last quarter. Rareview Capital LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 30.7% in the second quarter. Rareview Capital LLC now owns 903,653 shares of the closed-end fund’s stock valued at $3,597,000 after acquiring an additional 212,012 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Western Asset High Income Opportunity Fund by 13.5% in the fourth quarter. Wells Fargo & Company MN now owns 776,289 shares of the closed-end fund’s stock valued at $2,880,000 after acquiring an additional 92,096 shares in the last quarter.

About Western Asset High Income Opportunity Fund

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.