Western Asset High Income Opportunity Fund (NYSE:HIO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.98 and traded as high as $4.15. Western Asset High Income Opportunity Fund shares last traded at $4.13, with a volume of 740,932 shares.

Western Asset High Income Opportunity Fund Stock Performance

The firm’s 50-day simple moving average is $3.98 and its two-hundred day simple moving average is $3.98.

Western Asset High Income Opportunity Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be issued a dividend of $0.0355 per share. The ex-dividend date is Monday, March 24th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 10.33%.

Institutional Investors Weigh In On Western Asset High Income Opportunity Fund

Several hedge funds have recently bought and sold shares of the business. Capital Investment Advisors LLC lifted its position in shares of Western Asset High Income Opportunity Fund by 3.1% in the fourth quarter. Capital Investment Advisors LLC now owns 3,516,137 shares of the closed-end fund’s stock worth $13,818,000 after purchasing an additional 105,435 shares in the last quarter. Pathstone Holdings LLC lifted its position in Western Asset High Income Opportunity Fund by 32.2% in the 3rd quarter. Pathstone Holdings LLC now owns 2,965,491 shares of the closed-end fund’s stock worth $12,011,000 after buying an additional 722,483 shares in the last quarter. Sit Investment Associates Inc. lifted its position in Western Asset High Income Opportunity Fund by 9.5% in the 4th quarter. Sit Investment Associates Inc. now owns 1,255,712 shares of the closed-end fund’s stock worth $4,935,000 after buying an additional 108,624 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Western Asset High Income Opportunity Fund by 1.3% during the 4th quarter. Invesco Ltd. now owns 1,204,731 shares of the closed-end fund’s stock valued at $4,735,000 after buying an additional 15,121 shares during the period. Finally, Penserra Capital Management LLC purchased a new position in shares of Western Asset High Income Opportunity Fund during the 3rd quarter valued at $4,858,000.

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.