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

Western Asset High Income Opportunity Fund Inc. (NYSE:HIO) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.71 and traded as low as $3.56. Western Asset High Income Opportunity Fund shares last traded at $3.5750, with a volume of 311,577 shares trading hands.

Western Asset High Income Opportunity Fund Price Performance

The firm has a 50-day simple moving average of $3.65 and a two-hundred day simple moving average of $3.70.

Western Asset High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.0355 dividend. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HIO. Kanen Wealth Management LLC acquired a new position in Western Asset High Income Opportunity Fund in the 1st quarter worth about $1,448,000. Jane Street Group LLC acquired a new position in Western Asset High Income Opportunity Fund in the 1st quarter worth about $139,000. Geneos Wealth Management Inc. increased its position in Western Asset High Income Opportunity Fund by 807.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 11,721 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 10,429 shares during the last quarter. Cetera Investment Advisers increased its position in Western Asset High Income Opportunity Fund by 8.2% in the 2nd quarter. Cetera Investment Advisers now owns 77,992 shares of the closed-end fund’s stock worth $310,000 after purchasing an additional 5,937 shares during the last quarter. Finally, Invesco Ltd. increased its position in Western Asset High Income Opportunity Fund by 1.0% in the 2nd quarter. Invesco Ltd. now owns 1,006,497 shares of the closed-end fund’s stock worth $4,006,000 after purchasing an additional 10,194 shares during the last quarter.

Western Asset High Income Opportunity Fund Company Profile

Western Asset High Income Opportunity Fund Inc (NYSE: HIO) is a diversified closed-end management investment company that seeks to provide high current income and capital appreciation by investing primarily in high-yield and other fixed-income securities. The Fund’s portfolio is actively managed by Western Asset Management Company, an affiliate of Franklin Templeton, and may include below-investment-grade corporate debt, emerging-market sovereign and corporate bonds, bank loans, mortgage- and asset-backed securities.