Western Asset High Yield Defined Opportunity Fund (NYSE:HYI) Stock Passes Below Fifty Day Moving Average of $11.84

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE:HYI) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.84 and traded as low as $11.58. Western Asset High Yield Defined Opportunity Fund shares last traded at $11.61, with a volume of 104,790 shares.

Western Asset High Yield Defined Opportunity Fund Stock Down 0.1 %

The stock has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $11.80.

Western Asset High Yield Defined Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 23rd will be given a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 9.82%. The ex-dividend date is Wednesday, May 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stonebrook Private Inc. acquired a new position in Western Asset High Yield Defined Opportunity Fund during the 4th quarter worth approximately $154,000. International Assets Investment Management LLC lifted its stake in shares of Western Asset High Yield Defined Opportunity Fund by 976.0% in the 4th quarter. International Assets Investment Management LLC now owns 139,676 shares of the company’s stock valued at $1,689,000 after acquiring an additional 126,695 shares during the last quarter. SFI Advisors LLC acquired a new stake in shares of Western Asset High Yield Defined Opportunity Fund during the 4th quarter valued at $297,000. 1607 Capital Partners LLC grew its position in Western Asset High Yield Defined Opportunity Fund by 3.3% during the 3rd quarter. 1607 Capital Partners LLC now owns 135,571 shares of the company’s stock worth $1,558,000 after acquiring an additional 4,300 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. grew its position in Western Asset High Yield Defined Opportunity Fund by 124.1% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 227,736 shares of the company’s stock worth $2,617,000 after acquiring an additional 126,111 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.