Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $12.03 and traded as high as $12.06. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.98, with a volume of 66,510 shares.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.2 %

The stock has a 50 day simple moving average of $12.03 and a 200-day simple moving average of $12.11.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 24th will be paid a dividend of $0.095 per share. The ex-dividend date is Monday, March 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Elequin Capital LP bought a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at approximately $53,000. Cetera Investment Advisers lifted its position in shares of Western Asset High Yield Defined Opportunity Fund by 9.3% in the fourth quarter. Cetera Investment Advisers now owns 14,167 shares of the company’s stock worth $167,000 after buying an additional 1,200 shares in the last quarter. Almitas Capital LLC bought a new position in Western Asset High Yield Defined Opportunity Fund during the fourth quarter valued at approximately $762,000. Shaker Financial Services LLC grew its holdings in Western Asset High Yield Defined Opportunity Fund by 11.7% during the 4th quarter. Shaker Financial Services LLC now owns 161,521 shares of the company’s stock valued at $1,909,000 after buying an additional 16,943 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Western Asset High Yield Defined Opportunity Fund by 17.3% in the 4th quarter. Guggenheim Capital LLC now owns 446,425 shares of the company’s stock worth $5,277,000 after acquiring an additional 65,926 shares during the last quarter.

About Western Asset High Yield Defined Opportunity Fund

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.