Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.61 and traded as high as $10.61. Western Asset High Yield Defined Opportunity Fund shares last traded at $10.58, with a volume of 32,219 shares changing hands.

Western Asset High Yield Defined Opportunity Fund Price Performance

The stock’s fifty day moving average price is $10.61 and its two-hundred day moving average price is $10.86.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.095 dividend. The ex-dividend date is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 10.8%.

Institutional Trading of Western Asset High Yield Defined Opportunity Fund

Institutional investors have recently bought and sold shares of the business. Absolute Investment Advisers LLC acquired a new stake in Western Asset High Yield Defined Opportunity Fund in the fourth quarter valued at about $2,735,000. Shaker Financial Services LLC boosted its holdings in Western Asset High Yield Defined Opportunity Fund by 452.8% in the 4th quarter. Shaker Financial Services LLC now owns 231,194 shares of the company’s stock valued at $2,580,000 after purchasing an additional 189,369 shares in the last quarter. Jane Street Group LLC increased its position in Western Asset High Yield Defined Opportunity Fund by 1,033.4% during the 2nd quarter. Jane Street Group LLC now owns 198,577 shares of the company’s stock worth $2,379,000 after purchasing an additional 181,056 shares during the period. Wolverine Asset Management LLC increased its position in Western Asset High Yield Defined Opportunity Fund by 760.0% during the 4th quarter. Wolverine Asset Management LLC now owns 201,953 shares of the company’s stock worth $2,254,000 after purchasing an additional 178,470 shares during the period. Finally, Quarry LP purchased a new position in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth approximately $1,075,000.

Western Asset High Yield Defined Opportunity Fund Company Profile

Western Asset High Yield Defined Opportunity Fund, Inc (NYSE: HYI) is a diversified closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. Organized under the Investment Company Act of 1940, the fund pursues its objective by investing primarily in below-investment-grade fixed income securities, including high yield corporate debt, convertible bonds and other credit instruments. Its portfolio may also include unrated debt securities that the adviser deems to be of comparable quality.

Under normal market conditions, the fund allocates at least 80% of its managed assets to high yield securities issued by U.S.