Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.95 and traded as low as $3.93. Western Asset High Income Opportunity Fund shares last traded at $3.95, with a volume of 534,426 shares.

Western Asset High Income Opportunity Fund Stock Up 0.1 %

The stock’s 50 day moving average is $3.95 and its 200 day moving average is $3.95.

Western Asset High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.0355 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.43 dividend on an annualized basis and a yield of 10.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HIO. Penserra Capital Management LLC acquired a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter worth approximately $4,858,000. Pathstone Holdings LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 32.2% during the 3rd quarter. Pathstone Holdings LLC now owns 2,965,491 shares of the closed-end fund’s stock worth $12,011,000 after acquiring an additional 722,483 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 4.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 3,410,702 shares of the closed-end fund’s stock worth $13,813,000 after acquiring an additional 136,419 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Western Asset High Income Opportunity Fund by 8.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 551,872 shares of the closed-end fund’s stock worth $2,196,000 after acquiring an additional 41,420 shares during the period. Finally, Fiera Capital Corp lifted its holdings in shares of Western Asset High Income Opportunity Fund by 8.4% during the 3rd quarter. Fiera Capital Corp now owns 491,789 shares of the closed-end fund’s stock worth $1,992,000 after acquiring an additional 37,932 shares during the period.

Western Asset High Income Opportunity Fund Company Profile

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.