Western Asset High Income Opportunity Fund (NYSE:HIO) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Performance

The business’s fifty day moving average price is $3.95 and its two-hundred day moving average price is $3.95.

Western Asset High Income Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 21st will be given a dividend of $0.0355 per share. This represents a $0.43 annualized dividend and a yield of 10.80%. The ex-dividend date of this dividend is Friday, February 21st.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC acquired a new position in shares of Western Asset High Income Opportunity Fund during the third quarter valued at about $40,000. Horizon Kinetics Asset Management LLC acquired a new position in Western Asset High Income Opportunity Fund in the 3rd quarter valued at approximately $41,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Western Asset High Income Opportunity Fund in the 3rd quarter worth approximately $57,000. Sanctuary Advisors LLC bought a new stake in shares of Western Asset High Income Opportunity Fund during the second quarter valued at approximately $59,000. Finally, Encompass More Asset Management acquired a new position in shares of Western Asset High Income Opportunity Fund in the third quarter valued at $62,000.

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.