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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.98 and traded as high as $3.99. Western Asset High Income Opportunity Fund shares last traded at $3.96, with a volume of 281,804 shares changing hands.

Western Asset High Income Opportunity Fund Stock Performance

The business has a fifty day simple moving average of $3.98 and a two-hundred day simple moving average of $3.92.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a $0.0355 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.76%.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. increased its position in Western Asset High Income Opportunity Fund by 23.0% in the 2nd quarter. Raymond James Trust N.A. now owns 18,003 shares of the closed-end fund’s stock valued at $69,000 after acquiring an additional 3,361 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 increased its position in Western Asset High Income Opportunity Fund by 25.7% in the 3rd quarter. Avior Wealth Management LLC now owns 28,404 shares of the closed-end fund’s stock valued at $115,000 after acquiring an additional 5,802 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Western Asset High Income Opportunity Fund by 1.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 531,334 shares of the closed-end fund’s stock valued at $2,152,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Western Asset High Income Opportunity Fund in the 3rd quarter valued at about $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.