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) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 traded.

Western Asset High Income Opportunity Fund Stock Performance

The firm has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $3.92.

Western Asset High Income Opportunity Fund Announces Dividend

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

Institutional Trading of Western Asset High Income Opportunity Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Capital Investment Advisors LLC raised its holdings in shares of Western Asset High Income Opportunity Fund by 4.2% during the third 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 in the last quarter. Pathstone Holdings LLC raised its holdings in Western Asset High Income Opportunity Fund by 32.2% during the third quarter. Pathstone Holdings LLC now owns 2,965,491 shares of the closed-end fund’s stock valued at $12,011,000 after buying an additional 722,483 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Western Asset High Income Opportunity Fund by 65.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,815,381 shares of the closed-end fund’s stock valued at $6,917,000 after buying an additional 719,434 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Western Asset High Income Opportunity Fund in the third quarter valued at about $4,858,000. Finally, Raymond James & Associates grew its position in shares of Western Asset High Income Opportunity Fund by 170.4% in the second quarter. Raymond James & Associates now owns 617,407 shares of the closed-end fund’s stock valued at $2,352,000 after purchasing an additional 389,067 shares during the last quarter.

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.