Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $12.22 and traded as low as $12.03. Western Asset High Yield Defined Opportunity Fund shares last traded at $12.09, with a volume of 98,848 shares.

Western Asset High Yield Defined Opportunity Fund Price Performance

The business’s fifty day moving average is $12.22 and its 200-day moving average is $11.90.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in Western Asset High Yield Defined Opportunity Fund during the third quarter valued at approximately $79,000. Wolverine Asset Management LLC bought a new position in shares of Western Asset High Yield Defined Opportunity Fund during the second quarter worth about $95,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter worth approximately $128,000. MRA Advisory Group acquired a new position in Western Asset High Yield Defined Opportunity Fund in the third quarter worth $136,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Western Asset High Yield Defined Opportunity Fund in the 2nd quarter valued at about $180,000.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd and Western Asset Management Company Limited.